Australia’s manufacturing industry is ‘larger and more dynamic’ than currently estimated, according to a report commissioned by the Australian Manufacturing Growth Centre (AMGC).
The report analyses more than 3,000 global manufacturers to provide substantiated clarity to an industry undergoing unprecedented change, while also outlining key opportunities for local manufacturers. It calls for a new definition of advanced manufacturing, one which would focus less on production and more on the entire manufacturing value chain including higher value pre-production and post-production.
AMGC seeks to provide a more contemporary understanding of manufacturing in Australia and to clarify the definition of an ‘advanced manufacturer’. According to data from the Australian Bureau of Statistics, Australia’s manufacturing sector directly supports 905,000 jobs across the country. The new definition would see this number rise to almost 1.3 million if indirect workers that supply R&D, design, logistics or services to manufacturers are included.
A copy of the report can be found at this link.