Opinion

The Australian manufacturing sector is in a state of emergency. Insolvencies have tripled in two years since 2022, and the industry is battling a perfect storm of labor shortages, supply chain disruption, and skyrocketing inflation. 

The Australian Industrial Manufacturing, Fabricated Metals and Engineering sectors make a significant contribution to our economy, playing a vital role in industrial development, aiding economic growth and employment.

 Mining is often seen as a traditional, slow-moving sector, but right now it is undergoing a high-tech revolution. Innovation is not just a matter of staying technologically ahead; it is crucial for ensuring the safety of workers and enhancing operational efficiency.

As the impacts of climate change intensify globally and emission reduction deadlines loom, Australia must prioritise its power supply.

The Future Made in Australia program was a centrepiece of the Albanese government's Federal Budget this year. One of the program's main aims is to position Australia as a global leader in manufacturing in modern industries such as renewable energy, critical minerals processing, and quantum computing.

The World Health Organisation (WHO) estimates that 15 per cent of the world’s population, or over one billion people, live with some form of disability. In Australia, 18 per cent or 4.4 million people have a disability and 90 per cent of those have an invisible disability, according to a recent report by the Australian Institute of Health and Welfare.

In today’s volatile economic climate, marked by rapid technological advancements and unpredictable macroeconomic headwinds, the role of the Chief Financial Officer (CFO) in the manufacturing sector has never been more critical. 

If we distilled the common objectives for manufacturing in this country the priorities that surfaced would no doubt centre on greater productivity, more sustainable processes and the ability to keep pace with market leaders and be globally competitive. 

By 2030, there will be nine billion people on earth who will need to be fed, clothed and housed. 

The Australian Meat Processor Corporation (AMPC) is the research and development corporation for the red meat processing industry in Australia. Its mission is to drive world-class innovation, adoption, and strategic policy development through genuine partnerships built on trust.