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As the manufacturing industry evolves over time and competition increases, business leaders are forced to develop ways to remain competitive and drive growth. However, some business leaders seem to fall short of strategies to diversify lines of business to achieve sustainability.

The importance of having a resilient supply chain has been heavily emphasised as skyrocketing costs of essential items are showing no signs of slowing down in Australia and across the globe. 

Challenges that plagued the manufacturing industry in 2022 are not showing any signs of slowing down, leaving business leaders with the monumental task of dealing with these issues—or at least their remnants— all while pushing innovation, meeting customer demand, and driving operational growth. 

The Australian manufacturing industry has seen dynamic trends in 2022 as it still recovers from the consequences of the COVID-19 pandemic. It is no secret that the industry is still dealing with the remnants of the disruptive global event as it weathers through challenging issues such as skills gaps, supply chain bottlenecks, and workforce shortages. 

The Australian tech industry has seen massive changes over the last two years as businesses, both big and small, were pushed to expand and innovate in the wake of a global pandemic. 

The federal government recently introduced a $15 billion landmark bill that would support, diversify and transform Australia’s industry and economy in an effort to reclaim its reputation as a country that makes things. 

A 2022 study by Roy Morgan has shown that 90% of Australians think we should be undertaking more manufacturing in Australia.

A wide array of opportunities have been opened for materials manufacturers as the additive manufacturing metals market matured and scaled over the last decade. What are the factors that push this market’s progress and what does the future hold in the next 10 years?

Redefining the culture of cleanliness, Comac brings value to cleaning with professional solutions that make people’s lives better, cleaner and more hygienic. For true excellence in cleaning innovation, the Innova range from Comac features a family of three ride-on floor scrubber machines — the Innova 65B, Innova 85B and Innova 70S. 

Addressing structural challenges appears a key focus of this year’s budget, with many initiatives tackling the likes of energy transition, housing affordability, skills shortages, childcare and paid parental leave. But what does the new budget mean for manufacturing?