Tag: supply chain

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.  

Cashcor Engineering, a Cairns-based company, is set to deliver a jobs boost to Far North Queensland and significantly bolster local manufacturing supply chains through funding from the Queensland Government’s Industry Partnership Program (IPP). 

Edith Cowan University has secured a $349,108 grant from the Australian Research Council (ARC) for a research project that aims to help supply chain companies model and effectively manage uncertainties faced by their upstream suppliers. 

Lockheed Martin Australia’s efforts to boost Australia’s sovereign defence capability have resulted in significant economic benefits for the country, according to a report from Deloitte Access Economics. 

The Australian Government has partnered with Thales Australia to oversee the operation and maintenance of the Captain Cook Graving Dock in Sydney in a move to enhance the country’s sovereign industrial base and bolster defence capability.

The Australian government has spearheaded its efforts to ensure that Australian-made steel is used in the construction of the nation’s conventionally-armed nuclear-powered submarines built at Osborne Naval Shipyard in South Australia. 

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.

ASX-listed Genesis Energy is planning to allocate profits from the Kupe gas field to fund a $1.1 billion initiative aimed at constructing new renewable generation and large-scale battery storage by 2030.

Australian industry, including critical infrastructure and their suppliers, is being encouraged to embrace AI more actively, and Innes Willox, Chief Executive of the Ai Group, addressed this imperative at the AI in Industry Day hosted by the CSIRO National Artificial Intelligence Centre.

The Federal Government is currently deliberating on a renewable superpower strategy, emphasising the transformative potential of a global shift towards net-zero emissions.