After 15 months of consecutive growth, Australia’s manufacturing industry is ideally positioned. Production, Inventories and Supplier Deliveries are all expanding at an accelerated rate, according to the Australian Performance of Manufacturing Index (PMI).
The recent offshoring of sectors including automotive assembly and an acceleration towards the age of automation and robotics provides a major opportunity for the manufacturing industry to re-invent itself moving forward in Australia.
Although pockets of the manufacturing industry in Australia are moving offshore, local manufacturers are still keeping busy with niche product supply. We have found with our Steel Efficiency Review® service offer – the one key thing that manufacturers need to look at is the total investment of their production line and how materials go from point A to point B.
We urge our customers to think beyond a simple dollar value for set up and to ask themselves how they can get the best value out of the space they have – quite often this can be achieved by emptying the factory floor and rethinking the flow. 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.