Time to think out of the box – and get down to business

  • 📰 smh
  • ⏱ Reading Time:
  • 75 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

Lately, most Australians, regardless of their political leaning, have been agreeing on one thing: in the wake of the bruising economic thump inflicted by the coronavirus, we need to build up our manufacturing base

and ensure lines of supply for our own national security. How did we become so dependent on overseas goods, particularly from China? Why have we allowed manufacturing to wither to less than 6 per cent of GDP , the lowest level since colonial times, according to the Australian Productivity Council.Changing political and consumer sentiment could lead to a rebirth of small-scale Australian manufacturing.

A big social conversation over the past couple of months has been about creating a renaissance in manufacturing, particularly niche enterprises. We’ve read about candle factories switching to production of hand-sanitiser, the university departments teaming up with companies to produce ventilators from 3-D printing prototypes, but industrial initiative is showing up in many surprising corners.

Frustrated when he couldn’t buy exercise equipment due to the tsunami of demand when gyms shut their doors in March , Kieran Berry, a Sydney finance consultant, turned to a metal fabricator friend to make him a squat rack and bench."I posted photos of the equipment on Instagram and Facebook and received all these inquiries," says the 32-year-old.

Spartan Gym Equipment targets the "middle market" between cheap Chinese imports and pricey high-end equipment, some imported from Germany, says Berry. "We are currently in talks with a range of gyms and fitness studios.”Producing product is one thing – marketing it is another. Sydney entrepreneur Fred Kimel is founder of Handkrafted, an online marketplace that connects consumers with more than 100 Australian craftspeople, for creating furniture and woodworking projects.

Business has been surprisingly brisk since the lockdown. "With more people at home setting up home offices, it's reassuring they're seeking out higher quality Australian made pieces," he says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

India and Australia should have been thought earlier

Wasn’t that Trump’s main policy 2016 . . . getting manufacturing back from China!

Totally agree, we shouldn't rely on many imports.

Would need some serious import tax to match high Labor costs

We could not mobilise for a war or provide stocks of PPE in the pandemic. Successive governments have created this situation.

And add some nuclear weapons to deter the big hawks from swooping in n taking over.

That's why the rejig of uni fees make sense. We need engineers, designers, scientists, technicians, chemists. Smart people who can create and build. We have enough arts and humanities people. auspol

and government after government has allowed the off shoring of jobs and industries.

And a renewables industry is the answer. We are made for it.

Yes! Something all Australians can get behind. More jobs, get people back to work, better economy, people united 🇦🇺

Tariffs on imports or are we relying on ppl to buy local as a choice?

And the Federal Government needs to show leadership in not outsourcing everything to overseas businesses, especially IT.

our manufacturing has been gutted from Holden to Ford Even aluminium industry is insolvent due to high power prices When d pandemic strikes we r helpless on d backlog of supply chain Gov had been busy with farm access tru FTA they allowed dependency in imports for basics

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

September cliff: Why business experts are preparing for a flood of insolvencies when JobKeeper endsReferred to by some economists as the 'September cliff', business owners who are struggling with cash flow are being urged to balance their books now while there is still time. 9News
Source: 9NewsAUS - 🏆 10. / 72 Read more »