Opinion

In today’s interconnected world, data collection, analysis and utilisation have become essential for driving efficient and sustainable operations.

The past few years have been challenging for manufacturers in APAC. The COVID-19 pandemic brought supply chain disruptions, government restrictions, and heightened uncertainty around demand and supply.

With the global Metal Fabrication sector expected to grow globally at seven to ten per cent annually until at least 2032, many manufacturers are beginning to address what some are calling "The elephant in the room - Planning! 

The talk around Industry 4.0 (the fourth industrial revolution) and smart factories has been dominating the Australian manufacturing sector for several years now. However, as recent reports show, adoption is largely still in its infancy, something which is holding us back.

This article aims to explore the challenges being faced by manufacturing organisations across industries.

Australian manufacturing is rarely going to be cheaper in the global market, so we need to be smarter to be more competitive. This is the reality that many within the industry are already aware of, which is driving more and more focus on innovative thinking and investment in streamlined processes and new technologies.

To become future-ready, manufacturers need to focus on data strategies, rich customer experiences, workforce upskilling and action-backed sustainability goals.

In the fast-paced manufacturing world, it can be challenging for companies to stay ahead of the curve and remain competitive. One way to gain an edge is through data discovery, which enables manufacturers to identify trends and patterns in their operations, helping them fine-tune their processes and improve efficiency.

In today's increasingly globalised world, the strength and resilience of a nation depend on its ability to nurture and grow strategic industries.

Today’s economic conditions continue to create challenges in the global business environment, particularly in manufacturing.