Australian Manufacturing Is Rebounding

Australia’s manufacturing market has survived a difficult period, in the face of daunting domestic and global challenges. Other markets such as resource extraction, mining, and building construction have captured considerable attention from the media and policy-makers lately. In contrast, manufacturing attracts relatively little attention or negative press of job losses, factory closures, and redundancies. Australians would be forgiven for concluding that manufacturing as a marlet has generally dim prospects.

According to a report from Stanford and Swann – Centre for Future Work at the Australia Institute titled Manufacturing: A moment of opportunity, Australian manufacturing jobs have increased by 40,000 in the past year, and productivity has returned to near its pre-financial crisis peak.

According to the report, quarterly gross operating profits reached almost $8 billion in the March 2017 quarter, which is the highest in several years. Furthermore, the value of Australian-made products sold to international markets has increased significantly in recent years, from $80 billion in 2009 to a record high of more than $100 billion in the past year.

The great news is that the report argues that the leaders of all Australian political parties need to “re-commit to manufacturing”, and give the market greater priority in economic policy-making. This is fantastic for our business and our manufacturing customers.

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/