Feature

As the manufacturing industry evolves over time and competition increases, business leaders are forced to develop ways to remain competitive and drive growth. However, some business leaders seem to fall short of strategies to diversify lines of business to achieve sustainability.

Now more than ever, manufacturers all around the world are being pushed to test the limits of their current capabilities as they weather multiple disruptive global events, like the COVID-19 pandemic and the war in Ukraine. 

The importance of having a resilient supply chain has been heavily emphasised as skyrocketing costs of essential items are showing no signs of slowing down in Australia and across the globe. 

Challenges that plagued the manufacturing industry in 2022 are not showing any signs of slowing down, leaving business leaders with the monumental task of dealing with these issues—or at least their remnants— all while pushing innovation, meeting customer demand, and driving operational growth. 

Established as the Australian Research Council’s Training Centre for Collaborative Robotics in Advanced Manufacturing, the facility will focus on the implementation of cobotics with research programs addressing both technological advances and human and design factors needed when implementing new technology. 

The Australian manufacturing industry has seen dynamic trends in 2022 as it still recovers from the consequences of the COVID-19 pandemic. It is no secret that the industry is still dealing with the remnants of the disruptive global event as it weathers through challenging issues such as skills gaps, supply chain bottlenecks, and workforce shortages. 

The Australian tech industry has seen massive changes over the last two years as businesses, both big and small, were pushed to expand and innovate in the wake of a global pandemic. 

The federal government recently introduced a $15 billion landmark bill that would support, diversify and transform Australia’s industry and economy in an effort to reclaim its reputation as a country that makes things. 

The economic value of the global animal health industry might be largely unknown to many, overshadowed by more popular markets like mining and agriculture, however, two established Victorian manufacturers have set their sights on capitalising on their long-standing partnership to grab a slice of the growing market. 

A 2022 study by Roy Morgan has shown that 90% of Australians think we should be undertaking more manufacturing in Australia.