The future ain’t what it used to be, minister tells manufacturing forum

Image: AAP Image/Alan Porritt

Image: AAP Image/Alan Porritt

The manufacturing industry in Australia has fundamentally changed, though it has a future, “a different future”, the assistant federal industry minister told an audience this week.

Highly-specialised inputs into global supply chains – rather than finished products – would be provided by Australian firms, with this already the case, Craig Laundy told the Future of Manufacturing Forum at UTS Business School.

The opportunity existed, said Laundy, for manufacturers to exploit “a shift from labour-intensive and low-value production to high-value-added manufacturing and the use of digital technologies to enable this.”

A program of high-profile local and international presenters gave their perspective on the changing nature of manufacturing, and where Australia could play a role in this.

For those who were unable to attend the event, a summary of the day and audio files of its presenters are available here.