The current economic crisis in the wake of the COVID-19 pandemic, has exposed the decay in Australia’s manufacturing capability and highlighted the need for increased investment in innovation.
Anthony Pratt, the executive chairman of packaging company Visy Industries, has said he believes manufacturing is coming back into style in Australia after demonstrating its importance during the pandemic.
Two straight months of growth for manufacturing came to an end in August, according to the Australian Industry Group’s Performance of Manufacturing Index, with the Melbourne lockdown contributing to the negative result.
Australia should look towards the US to help address its innovation woes rather than just focusing on internal developments, a new United States Studies Centre (USSC) report urges.
Australian manufacturing achieved back-to-back months of overall growth, driven by its two biggest sectors, according to the Australian Industry Group’s Performance of Manufacturing Index.
Among Australia’s manufacturing community — which has been identified as a potential source of growth post-Covid — there is hope that consumers and others will buy more local goods now and when the pandemic has finally passed.
The pandemic has changed the way we think about supply chains, in particular the chains that feed our need for food, medical supplies, and defence equipment.
As the global renewables transition accelerates, the future for coal regions has become a big worry. This raises an important question: can renewables create the right jobs in the right places to employ former coal workers?
The manufacturing sector returned to growth after two months of pronounced contraction, according to the Australian Industry Group’s Performance of Manufacturing Index.
The future of jobs has been used to justify the major changes to university education announced last week. Fees for courses that, according to the government, lead to jobs with a great future will fall, while those with a poor future will rise.