Tag: business
Skilled workforce crisis spurs call for apprenticeship incentive boost
The Victorian Chamber of Commerce and Industry has raised alarm bells over a concerning 38 per cent drop in apprenticeship and traineeship commencements in the four months from July to October 2024, compared to the same period the previous year.
Australia’s private sector sees slower contraction in January, says Judo Bank
At the onset of 2024, Australia's private sector faced continued challenges, with the Judo Bank Flash Australia Composite PMI Output Index reporting a reading of 48.1 in January, indicating a fourth consecutive month of business activity decline.
Australian manufacturing PMI ends 2023 with continued downturn – Judo Bank
Contractionary conditions in the Australian manufacturing sector persisted to the end of 2023 as domestic and global demand continued to decline, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank.
Australia’s $15B National Reconstruction Fund now open for investments
The $15 billion National Reconstruction Fund is now poised to initiate investments aimed at fostering the growth of Australia's industrial capabilities, with a focus on generating secure and well-paid job opportunities for the future.
AI revealed as top technology needed in industry’s servitisation shift — survey
Artificial intelligence is the top technology companies need to drive tangible business value as they sift to a servitised business model, according to a survey conducted by global cloud enterprise software company IFS.
The lure of East Asia: How to do manufacturing business in China and Hong...
East Asia’s booming economic growth is becoming increasingly attractive to companies looking to expand outside their home markets. In particular, both China and Hong Kong have the potential to be highly prosperous bases for businesses, including those involved in manufacturing.
Global CEO confidence collapses to bleakest record in 12 years
Chief executive officers around the world are expecting a bleak future, with nearly three-quarters of them believing that global economic growth will decline over the next 12 months.
Australian PMI: Manufacturing expands in April
The Australian Industry Group's Australian Performance of Manufacturing Index (Australian PMI®) rose 2.8 points to 58.5 in April, the highest monthly result since July...
CSIRO and Google announce five-year $1bn partnership
Google Australia has announced a $1 billion Digital Future Initiative investing in Australian infrastructure, research and partnerships.
Aimed at accelerating Australia’s progress to becoming a...
How manufacturing companies can achieve quick wins from collaboration projects
Article by Sam Deckert, Founder and Principal Consultant at Peak Insight
Of all the factors that determine success in the manufacturing sector, one of the...
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Building resilience as manufacturing requirements become more complex
The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.
