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

Immensa and Intaj Suhar partner to boost Omani manufacturing

MENA’s leading digital manufacturer Immensa has partnered with Intaj Suhar to enhance Oman’s localised manufacturing through digital inventory solutions

Bain & Company Report: OEMs and Digital Transformation

Bain & Company report urges original equipment manufacturers to embrace digital solutions and shift to a customer-focused mindset to stay competitive

The Factory of the Future: Manufacturers' Biggest Challenges

Here’s the biggest challenges manufacturers face with developing the factory of the future, with insight from Graham Upton, Head Of Technology at Capgemini

Dassault Systèmes Bring AR Manufacturing Showcase to London

Smart Manufacturing

Join Belden for a Free Webinar on Connected Plant Floor Data

Production & Operations

Cristina Semperboni: Women In Engineering Spotlight

Production & Operations