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Manufacturing wrapped up: Trends that shaped the industry in 2023

It is undeniable that 2023 has been a transformative year for the Australian manufacturing sector as it navigates through numerous challenges throughout the year. 

New CRCs to combat methane emissions, plastic waste get $127M funding

The Australian Government has unveiled a $127 million investment to back new research centres to cut emissions in the agriculture sector and eliminate plastic waste. 

Australia’s $15B National Reconstruction Fund now open for investments

The $15 billion National Reconstruction Fund is now poised to initiate investments aimed at fostering the growth of Australia's industrial capabilities, with a focus on generating secure and well-paid job opportunities for the future.

Federal gov’t rolls out Industry Growth Program to support Aussie startups

The Australian Government has officially launched its $392 million Industry Growth Program, an initiative aimed at helping startups and small businesses commercialise and grow their companies. 

More funding, government contracts needed for Australian manufacturing to compete globally, says report

A new report from national professional services firm RSM Australia has highlighted the need for an increase in government contracts and funding to allow Australian advanced manufacturing to compete on a global level. 

Manufacturing union’s Glenn Thompson appointed to National Reconstruction Fund board

Glenn Thompson, the assistant national secretary of the Australian Manufacturing Union since 2003, has been appointed as a member of the National Reconstruction Fund Corporation Board. 

Minister Husic seeks to maximise advanced manufacturing opportunities at GEC 2023

Minister for Industry and Science Ed Husic has convened with government leaders from across the Indo-Pacific at the Global Entrepreneurship Congress 2023 (GEC 2023) to explore ways of bolstering opportunities for global entrepreneurship and innovation, particularly in advanced manufacturing. 

National Reconstruction Fund Board kicks off first meeting

The National Reconstruction Fund (NRF) Corporation’s Board met for the first time on Monday, 18 September, officially launching the corporation that will help enhance Australia’s local manufacturing capabilities. 

Australian-made steel to play important role in nation’s renewable energy transition— Minister Husic

Australian-made steel has a significant role to play in Australia’s transition towards advanced manufacturing, renewable energy, and low emissions, according to Minister for Industry and Science Ed Husic. 

Value-added manufacturing critical to boost Australia’s economic growth – Minister Husic

The adoption of value-added manufacturing will be crucial to boost the country's economic complexity as “growth, jobs and the flexibility to respond to economic shocks will come from making more things in Australia,” according to Minister for Science and Industry Ed Husic in an address to the American Chamber of Commerce in Australia.
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.