Monday, April 15, 2024

Key trends expected for the manufacturing sector in 2024

The manufacturing sector outlook for 2024 remains cautious amidst several challenges. Fiscal tightening, inflation, and geopolitical instability could undermine growth in 2024, and if favourable economic trends start to unwind, the risk of a downturn looms large.  

Beyond the factory floor: How to navigate post-pandemic B2B manufacturing landscape

The manufacturing and distribution sectors have traditionally been slow to adopt business-to-business (B2B) e-commerce, but this drastically changed in the wake of the pandemic. 

The rise of automation in metal AM post-processing — transforming the industry with precision and efficiency

Across the continually evolving manufacturing landscape, the integration of automation solutions continues to move quickly. For metal Additive Manufacturing (AM) processes the same is true. However, the post processing of metal parts, which is critical for successful outcomes, has been largely overlooked causing serious bottlenecks in the process chain — until now.

The importance of material selection in micro moulding applications

In the precision-demanding realm of micromoulding, the selection of appropriate materials is not merely a step in the manufacturing process, it’s the cornerstone upon which the performance and reliability of the final product rest.

Business Views

Seaport Therapeutics secures $100M to harness Monash invention

Seaport Therapeutics, a biopharmaceutical company in the clinical stage, centred on an innovative drug delivery system initially created by researchers from Monash University, announced the completion of a Series A funding round, which raised USD 100 million (AUD 154 million).

Featured Article

Sydney to spotlight the latest in manufacturing at AMW 2024

With the Australian Manufacturing Week (AMW) 2024 fast approaching, Sydney is set to become the epicentre of groundbreaking innovations in the advanced manufacturing sector. 
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Drive Productivity and Growth with a Resilient Supply Chain

One of the major challenges for modern manufacturers in the post-pandemic era is the reliability of its supply chain. When building material and critical components used in the production line fall short, productivity drops, and operational costs can rise very quickly. In fact, a disruption can cost an organization 45% of one year’s profits over the course of a decade.

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Exclusives

Latest Manufacturing PMI

Australia March: 47.3 - Source: Judo Bank

Global March: 50.6 - Source: JP Morgan

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