The Australian manufacturing sector expanded for the seventh consecutive month in April 2017, according to the Australian Industry Group Australian Performance of Manufacturing Index (PMI).
Australian manufacturing climbed 1.7 points to 59.2 for the month of April 2017.
“The April performance featured strong growth in exports and local sales of food and beverages manufacturing, building materials, specialist machinery and equipment and specialist chemicals” said Ai Group Chief Executive, Innes Willox.
“Resurgent output and prices in our agricultural and mining sectors are having a positive effect on demand for a range of locally produced manufactured equipment. This surge is occurring despite the closure of the automotive assembly sector and recent disruptions in some locations due to Cyclone Debbie.”
We have also found the Australian manufacturing sector to be very busy with upcoming work and new product development projects. After hundreds of Steel Efficiency Review® consultations with our manufacturing customers we have found the key challenges facing Australian Manufacturing comprise:
- Lack of Communication
- Lack of Skills / Training
- Duplication of work
- Dead Zones – places where work gets held up or lost
- Lost Time – people looking for work and / or re-work to correct errors
- Different prioritisation rules in different areas / departments
- High lead times – slow turnaround
Once we get to understand the underlying causes for these key challenges – we start build our findings and recommendations for improvement. The Steel Efficiency Review® can provide Australian manufacturers with a competitive edge and support organic growth.
We simply ask questions and listen. We then work closely with Australian manufacturers who use steel and aluminium products as core input – to recommend solutions. It allows for change and innovation to introduce new opportunities for both our customers and ourselves as their key suppliers of steel and aluminium products.
For more information contact your local SER® representative. If you haven’t registered for an SER® click this link: http://steelefficiencyreview.com.au/register-now/