If you ask our clients that question, they will tell you that the process can never be fast enough. Ask people on the other side of the world and they will also tell you that the process is slow. In my opinion, however, your statement is not at all unreasonable. I tend to agree with what you said about the reduction in wait times since the pandemic, but we also need to establish whether they are temporary or permanent.
If permanent, they are definitely the shortest they have been since the pandemic. I agree with that. However, the labour shortage situation means that application approvals can never be fast enough from a company's perspective. Companies would always prefer to have a 19‑week wait time for a worker from Morocco, for example, shortened to five weeks. They will always be glad to gain these three months.
Is it acceptable? Nothing is ever going to be fast enough for the private sector, but catering to every company's wait time preferences is not a reasonable objective.