The manufacturing sector showed healthy signs during 2018, but does that mean a full recovery. Last year reaffirmed that the manufacturing sector in Australia is not dying, but simply going through a transition.
The Australian Industry Group (Ai Group), an employers’ organisation that has been monitoring the manufacturing sector closely, reported positive trends for the sector in terms of growth and profitability stabilisation throughout 2018.
In October, Ai Group’s Australian Performance of Manufacturing Index (Australian PMI) indicated 25 months of uninterrupted recovery and expansion for the manufacturing sector, which is the longest run of recovery or expansion in this data series since 2005.
With our Steel Efficiency Review® visits we have uncovered how businesses in manufacturing environments are adapting and transitioning for the future. Our customers’ attitudes towards technology, production and talent have evolved and we aim to fully support their journey.
With 1053 Steel Efficiency Review® visits now completed for businesses of all shapes and sizes across a full spectrum of steel industries; we have found that operational improvements requires manufacturers to look at their world through a different lens – to question and reframe the ‘way things are done’ – to determine what is on and off the agenda. Asking the hard questions is the only way to come up with the innovative solutions.
The Steel Efficiency Review® provides this approach. We ask questions and listen. Our “Key Findings” are backed by evidence gathered during our review process. We then qualify these key findings and ask questions to uncover underlying causes.
The Steel Efficiency Review® aims to provide recommendations to innovate and improve our customer’s business and at the same time our product and service offer. We work hard with our customers to innovate and develop new solutions.