Manufacturing in our Region?
I received a phone call from a local business identity today and the conversation was all about how to become more economically independent and the need to initiate or grow existing local manufacturing.
One of the positive side effects of the pandemic has been the acknowledgment for most Australians that we still have a manufacturing industry. I think it is fair to say that we are really good at what we do. In fact, the main distinctive characteristic of our manufacturing is quality. It is also fair to say that those who have survived globalisation have generally done so because they are smart and do things better than their competitors.
There are certain realities about cheap overseas production and that has many advantages for Australia, including in the provision of supply chain products that keep end-products competitive.
However, there is a real desire that one of the social forces that emerges from 2020 will be a new sense of quality over quantity.
We need to adopt the attitude to spend a bit more on an Australian product that will last a long time.
Importantly, Governments may also decide to genuinely use their procurement might to support nation-building domestic industries and innovative local enterprise.
I am interested to drive this conversation further. Let’s start to talk about our future, and the need to adopt a strategy that bears “Proudly made in Australia” labelled goods.