Retailers have welcomed the ALP victory, congratulated Anthony Albanese and called for action on key economic challenges

The Albanese Government has a mandate to act a long list of issues to tackle labour shortages and rising inflation as well as restarting immigration and addressing big themes like climate.

Australian Retailers Association CEO Paul Zahra says retailers are looking for government leadership to advance social and economic outcomes in priority areas such as skills shortage and supply chain resilience..

Wesfarmers chief executive Rob Scott has become one of the first company chief executives to publicly congratulate the ALP, saying the incoming Albanese government brings with it a mandate to act on the key economic issues and challenges facing the nation.

These challenges included climate change, a return to a strong immigration program, much needed tax reform and addressing the runway cost of living and inflationary pressures running through the economy.

“We congratulate Mr Albanese and the incoming government on their election, and look forward to having the opportunity to work with them on a range of important issues that will help shape the future of our nation and support our long-term economic prosperity,” said Mr Scott.

“Australian communities, families and businesses are facing a range of challenges. It is clear from the election result the government has a mandate to address these challenges.

“As a nation we’d benefit from increased workforce participation, further action on climate change, a resumption of immigration programs and tax reform across the federation.

“We’d also welcome measures which respond to current cost of living pressures as well as strategies which support long-term, sustainable gains in productivity, and with that, wages growth.”

The Australian Retailers Association, which represents the $360bn retail sector and one of the largest private sector employers in the country, also congratulated Mr Albanese on his victory and recognised the strong performance of the Greens and independents.

ARA chief executive Paul Zahra said the peak industry body highlighted five strategic priorities for the retail sector which now require the attention of the new government - labour and skills shortages, supply chain resilience, small business recovery, inclusive and equitable workplaces and sustainable businesses.

Mr Zahra said retailers are looking for government leadership to advance social and economic outcomes in these priority areas.

“This election has occurred in the tightest labour market in more than 50 years and with a backdrop of surging inflation, so the new government inherits an economy that is not without its challenges,” Mr Zahra said.

“Business costs are increasing, while staff shortages and supply chain delays are continuing to bite. Disruption remains an ongoing concern for companies large and small with conflict abroad creating a ripple of cost pressures for retailers and their customers.

“Recovery remains elusive for many including CBD retailers and small businesses, who require a level of ongoing targeted government support.”

Mr Zahra said the ARA is keen to advance collaboration with the new government around climate action.

“Retailers are already well underway in their plans to address challenges within key areas such as energy use, food and textile waste, supply chain transparency and the circular economy.

“We need deeper and stronger integration with government plans in all these areas.

“We will be reaching out to the new Prime Minister and his colleagues on how we can address these issues together.”

The ARA also acknowledged Scott Morrison and Josh Frydenberg for their leadership over the past four years, in particular during the pandemic, and the economic support packages that were critical to keeping many businesses afloat.