Tag: Opinion

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. 

In the past year, artificial intelligence (AI) has surged forward like a digital renaissance, echoing the rapid and transformative rise of the Internet in the late 1990s. It has revolutionised industries and redefined our daily lives with extraordinary speed – and its impact is set to grow even more substantially in the coming years.

The Australian manufacturing sector is in a state of emergency. Insolvencies have tripled in two years since 2022, and the industry is battling a perfect storm of labor shortages, supply chain disruption, and skyrocketing inflation. 

 Mining is often seen as a traditional, slow-moving sector, but right now it is undergoing a high-tech revolution. Innovation is not just a matter of staying technologically ahead; it is crucial for ensuring the safety of workers and enhancing operational efficiency.

The World Health Organisation (WHO) estimates that 15 per cent of the world’s population, or over one billion people, live with some form of disability. In Australia, 18 per cent or 4.4 million people have a disability and 90 per cent of those have an invisible disability, according to a recent report by the Australian Institute of Health and Welfare.

In today’s volatile economic climate, marked by rapid technological advancements and unpredictable macroeconomic headwinds, the role of the Chief Financial Officer (CFO) in the manufacturing sector has never been more critical. 

In the dynamic medical field, micro moulding has increasingly become the foundation for innovation, particularly in the creation of cutting-edge biomedical devices.

If we distilled the common objectives for manufacturing in this country the priorities that surfaced would no doubt centre on greater productivity, more sustainable processes and the ability to keep pace with market leaders and be globally competitive. 

By 2030, there will be nine billion people on earth who will need to be fed, clothed and housed. 

Australians aged 18 and above are encouraged to participate in a survey aimed at influencing the trajectory of mining research in the country in a bid to gauge public sentiment and insights regarding the mining sector.