Crude steel and covid-19: global production down 6 per cent in March
March crude steel production figures have highlighted the impact of the Covid-19 across the world, with production for the month down 6 per cent compared to 2019.
On the Defense Production Act and ResMed
By James Riley When President Donald Trump invoked the Defense Production Act as a response to coronavirus in early April it provided a stark acknowledgement of supply-chain gaps not only in the United States, but within the supply chains of its good mate Australia as well. Through a frantic and co-ordinated period of action, both countries…
A new deal plan for manufacturing – Industry incentives, not broad tax cuts – Neville Power
The business leader charged with charting a post Covid-19 economic recovery, Neville Power, has indicated a sharp change in direction of federal government policy with an emphasis on activating industry. Power, the former CEO of Fortescue Metals and head of the National COVID-19 Co-ordination Commission told Channel 9 media that his focus was not further…
The stock exchange casino in full Covid-19 swing
Comment by Peter Roberts The Covid-19 pandemic has seen the share prices of solid Australian manufacturers drop by a third, and younger firms in their growth phase halve or even worse. There have been exceptions – shares in established companies producing infant formula, such as Jatenergy for example, have even risen slightly while others have…
A new deal plan for manufacturing – seven areas of policy that actually work by Phil Toner
Our campaign to crowd source a new deal plan for manufacturing post Covid-19 has provoked dozens of submissions. Today Phil Toner cautions against re-inventing the wheel – we already know seven areas where manufacturing policy can work. Submissions to [email protected] Over the past decade or so there has been a global re-assessment of the neoliberal…
EOS on track to raise $144 million
Space, communications and defence business Electro Optic Systems is well on the way to raising $144 million from investors to shore up its balance sheet during the Covid-19 crisis. The Canberra company successfully completed a $134 million placement to institutional investors at $4.75 a share, a 17.4 per cent discount to the prevailing market price.…
Australian link up for industrial IoT security
By Stuart Corner Nozomi Networks — which specialises in providing security technology across OT and IT networks — has formed a partnership with Australian cyber security specialist Cyber Partners under which Cyber Partners will use Nozomi technology to underpin managed security services for operators of industrial infrastructure. Cyber Partners will offer Nozomi Networks’ full suite…
Global shutdown could spark Australian manufacturing revival
The COVID-19 crisis has the potential to revive Australia’s manufacturing capabilities and reduce the nation’s reliance on global supply chains, according to leading industry players at the heart of Australia’s defence manufacturing sector.
Governments should “buy Australian first” in Covid-19 economic recovery: Australian Made
The Australian Made Campaign has urged all levels of government to adopt a “buy Australian first” approach and to take a “long-term view” in addressing the country’s manufacturing self-sufficiency and economic recovery from the Covid-19 pandemic.
What just happened to the price of oil?
We have just witnessed an oil price crash like never before taking prices of West Texas Intermediate into deeply negative territory.