Australia’s manufacturing industry has experienced continuous growth for 13 months, according to the AiGroup’s Australian Performance of Manufacturing Index (PMI). In the wake of closure of the nation’s automotive sector, the move from traditional to advanced manufacturing is evident and forcing the government and the industry in general to rethink and repurpose their machinery and people.
According to the Federal Government, Australia owns “key competitive advantages” in research, design (R&D) and engineering, and this is illustrated by the level of private investment they are attracting in general manufacturing. In South Australia, automotive component manufacturers have re-purposed their operations to now serve the health care industry. It just goes to show that re-defining your business takes courage and innovation, but can be achieved.
With our Steel Efficiency Review® we work with our manufacturing customers to identify areas for improvement in their operations. When speaking to steel businesses involved in General Manufacturing nationwide, we concluded that it comes down to 3 key success factors:
- QUALITY ASSURANCE AND CERTIFICATION TO ENSURE PRODUCT IS FIT FOR PURPOSE
- ABILITY TO SOURCE HIGH QUALITY RAW MATERIALS (SEMI-FINISHED) TO LOWER PRODUCTION COSTS
- BRAND AWARENESS TO CREATE NEW BUSINESS GROWTH OPPORTUNITIES
Download our State of Market Reports for our insights and learnings after completing 1,011 Steel Efficiency Review® consultations on businesses of all shapes and sizes across Australia. To register for your own FREE Steel Efficiency Review® click here.