With over 80,000 manufacturing businesses in Australia, and despite the high-profile closure of some sectors within the industry, manufacturing continues to play a vital role in the Australian economy.
The manufacturing industry comprises all those businesses which convert raw materials and components into finished goods, usually in a man-machine environment. Most manufacturing businesses have less than 100 employees and are known as micro-multinationals. At the other end of the scale, though fewer in number than manufacturing SMEs, larger manufacturing businesses are now responsible for over a quarter of Australia’s R&D expenditure, as the industry works hard to strengthen links with universities.
Manufacturing businesses operate across a huge number of other industries, with key sectors including food and agribusiness (agriculture, food processing and packaging); mining equipment, technology and services; oil, gas and energy; advanced manufacturing (complex high value goods); and medical technologies and pharmaceuticals. Australia enjoys a record of originality in advanced manufacturing in particular, making this one of our fastest growing export sectors and now representing half our $100 billion+ annual manufacturing outputs.
Masked by the mining boom, our manufacturing Industry has been through a period of contraction in recent years in response to global financial factors and is still regarded as being in recovery. However, it has since experienced continued expansion, thanks to the many advantages we offer on the world stage, including our skilled workforce, abundant energy sources, world-class research facilities and stable governance.
Like all industries, manufacturing is vulnerable to both local and global economic conditions. Manufacturing businesses are particularly influenced by global growth and trade, dynamic global markets, and price volatility in markets for global commodities and enterprises continually need to respond to these global competitive pressures and more complex market conditions.
Locally, businesses are affected by Australia’s house construction cycle, and of course the challenges and costs of distance caused by our geographical remoteness and dispersed local market.
Keeping pace with consumer and technological change is a further challenge, with digitisation and automation forcing businesses to very rapidly develop, adopt and adapt new technologies.
With this landscape in mind, we advise manufacturing businesses on restructuring and business model transformation to enable them to seize every opportunity for growth and diversification. We conduct 360 degree reviews of high cost areas and devise solutions for cost-competitiveness and raising profitability.
No matter what industry your manufacturing business operates in, we can turn your business around. With our expertise in mergers and acquisitions, complex financial pricing models, and ‘recession proofing’, we will thoroughly review your business policies and procedures and deliver comprehensive strategies to enhance your competitive edge.