Australian manufacturing today is at its lowest point ever. During its 1960s heyday, local manufacturing accounted for over 30 per cent of GDP. This isn’t new news to many in the sector. Currently, that figure is just 5.6 per cent of GDP. And that is despite a quadrupling of output since the 1950s. Productivity holds the key to advancing the Australian manufacturing sector. This may not be widely known.
Read More