Feature

The manufacturing sector outlook for 2024 remains cautious amidst several challenges. Fiscal tightening, inflation, and geopolitical instability could undermine growth in 2024, and if favourable economic trends start to unwind, the risk of a downturn looms large.  

The Australian manufacturing sector is at a crossroads between keeping up with automation and technological evolution and the pressing issue of attracting and retaining a skilled workforce. 

The manufacturing and distribution sectors have traditionally been slow to adopt business-to-business (B2B) e-commerce, but this drastically changed in the wake of the pandemic. 

As the digital realm becomes the centre of transformation in the manufacturing industry, business leaders are increasingly exploring emerging technology and investing in digital solutions, such as e-commerce, to bolster their own growth efforts. 

The business-to-business (B2B) trading landscape in the manufacturing and distribution industries has gone through drastic changes in recent years, particularly in the wake of the COVID-19 pandemic when streamlined digital experiences became the new normal. 

The Opal Group is seeking immediate expressions of interest for the purchase of its Queen's Slipper Playing Cards business including the Queen's Slipper trademark in Australia and New Zealand, intellectual property and associated operating equipment.

In 2020, Kyocera AVX, a US-based global manufacturer of advanced electronic components, spearheaded a plan to globalise all the systems across its manufacturing facilities located around the globe. 

Outdated assumptions and stereotypes surrounding manual labour have meant manufacturing has always been one of the most male-dominated industries in Australia. In 1998, the Australian Government’s Workplace Gender Equality Agency reported that just 25.9% of its workforce was female.

Rising costs, inflation, and supply chain disruptions are increasingly gaining momentum, placing manufacturers all over the world under unprecedented pressure. 

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