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AI revealed as top technology needed in industry’s servitisation shift — survey

Artificial intelligence is the top technology companies need to drive tangible business value as they sift to a servitised business model, according to a survey conducted by global cloud enterprise software company IFS.

Australian industries see easing in supply chain pressures in August— Ai Group

Supply chain pressures continue to ease for Australia’s industrial sectors, with the Ai Group Industry Index posting an increase of 3.1 points in August to -11.6. 

Global manufacturing PMI reports slower contraction in August

The global manufacturing sector remained in contraction in August, albeit at a slower pace, as rates of contraction ease for output and new orders, according to J.P. Morgan. 

Australian manufacturing PMI remains unchanged in August— Judo Bank

The Australian manufacturing sector continued to contract in August at a rate similar to July's, with the headline seasonally adjusted Judo Bank Australian Manufacturing PMI posting the same result of 49.6. 

Businesses increase supply chain focus to accelerate decarbonisation efforts – research says

Schneider Electric Sustainability Index 2023 report has revealed that companies are concentrating more on supply chains to reduce their emissions with 78 per cent of business leaders agreeing that ‘companies can significantly address their carbon footprint through greater visibility of environmental outcomes across their supply chain’.

Research finds 94% of manufacturers in charge of 3D printing decisions are actively engaged...

Additive manufacturing continues to revolutionise how components and tools are manufactured on a large scale. However, due to a lack of materials, lengthy print times, high cost, and strict quality criteria, 3D printing was not initially a feasible alternative for large-scale industrial manufacturing.

Research says Aussie businesses support decarbonisation, but urgent action is needed

New national research has reported that Australian businesses appreciate the urgency of reaching net zero emissions as a key driver of economic competitiveness and climate resilience, but many are not acting rapidly enough to address this important challenge.

New Zealand manufacturing industry contracts to lowest level of activity since 2022

New Zealand’s manufacturing sector slipped further into contraction territory in June, dragged by lower rates in production and new orders.

Australian manufacturing sees further decline in June— Ai Group

Australia’s manufacturing industry slipped further into contraction territory in June, led down by the chemicals industry, according to the latest survey from the Ai Group. 

Australian private sector sustains growth despite decline in manufacturing

Australia’s private sector has seen a continued expansion in May, posting above the 50.0 no-change mark for a second consecutive month amid sustained expansion in services activity as manufacturing output shrank for a sixth straight month. 
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Beyond insights: How CRM solutions are transforming the manufacturing industry

The global manufacturing sector is witnessing a seismic shift in its automation approach as companies worldwide, big or small, grapple with the ongoing labour shortage and skills gap within the industry.