REPORT: Australian manufacturers not prepared for the future

By Glen White
A recent study conducted by researchers at the University of Melbourne has found that most Australian manufacturers are failing to take the steps needed...

A recent study conducted by researchers at the University of Melbourne has found that most Australian manufacturers are failing to take the steps needed to withstand the industry's steep decline.

The report – commissioned by the federal government - surveyed more than 1,050 small to medium-sized manufacturing businesses and found that fewer than 37 percent were actively implementing management practices to boost profit, productivity and market share.

Peter Gahan, director of the Centre for Workplace Leadership at Melbourne University, said the national survey of manufacturing businesses with 5-199 employees found that low demand in the Australian marketplace and the nation's uncertain financial future were the two greatest challenges facing the industry, closely followed by the cost of doing business.

He said the findings showed “significant room for improvement.”

“Whether the business has five employees or is a 500-person operation, the basic principles are essentially the same for getting outcomes and developing high-performance work practices,” said Gahan.

He also went on to say that best-practice measures such as developing the knowledge, skills and abilities of employees were implemented by a minority of Australian manufacturers.

Share

Featured Articles

5 minutes with: Simon Michie, Pulsant CTO

Simon Michie, CTO at Pulsant, explains why edge computing will transform manufacturing operations, but success will depend on having partnerships in place

Microsoft’s Çağlayan Arkan explores the supply chain

Çağlayan Arkan, Microsoft’s VP Global Strategy & Sales Lead for Manufacturing & Supply Chain, gives his take on digital factories and ‘the art of possible’

Elisabeth Brinton on the Microsoft Cloud for Sustainability

Microsoft’s Elisabeth Brinton discusses the Microsoft Cloud for Sustainability programme & how manufacturers are being supported by their new technology

Aiimi’s Head of Solution Engineering Matt Eustace on risks

AI & Automation

5 minutes with Nicolai Peitersen, co-founder of Wikifactory

Procurement & Supply Chain

Three steps to building a resilient enterprise ecosystem

Procurement & Supply Chain