Rapidly changing consumer requirements and technology have revolutionised modern manufacturing in the last decade.
They’ve been a catalyst for a shift in processes and outputs, with boosting smart sovereign capability high on the Government’s agenda in recent years. To remain competitive in a fast moving, changing market, innovation, agility and flexibility are key.
After decades of divestments in the manufacturing sector, challenges linked to global supply chain disruption putting pressure on strategic alliances across the value chain, and the increasing costs of trade, we look forward to seeing the impact of the Government’s National Reconstruction Fund (NRF) on continuity of supply. Aimed to generate revenue from investments and stimulate private sector investment, this fund across six priority areas intends to support you – the masters of the bespoke, the innovators, the IP generators, and the job creators.
To leverage this investment in innovation, avenues for collaborative partnerships, and to protect your IP, our experts can help you make the most of opportunities ahead.
Top trends in Manufacturing
Issues impacting business in Manfacturing
R&D and commercialising the next great idea
Australia’s manufacturing sector has always punched well above its weight in terms of R&D and innovation. New ways of doing things and innovative products have evolved out of manufacturers trying to do more with less and finding ways to differentiate themselves in a crowded global market. We understand how to leverage the innovation lifecycle and can support you to take a great idea to the next level.
Mastering technology to derive economic value
Spanning across software, artificial intelligence, smart devices, automation, robotics and 3D manufacturing, technology has become an instrumental part of process optimisation in manufacturing. As upfront capital investment to adopt these often-disruptive technologies continue to fall, organisations find efficiencies across reduced inventory, material waste and energy usage, better affordability and – importantly – attracting interest from investors. This enables manufacturers to remain competitive, create bespoke products, value-add and derive economic benefit with scalability.
Grants and concessions to kickstart growth
With sovereign capability and supply chain resilience high on both state and federal agendas, we’re seeing a range of grants available to support manufacturers to scale up, innovate, invest and create new jobs. Although there are over 4,000 Government Grant Programs on offer every year in Australia, these are often highly competitive. Being grant-ready will increase your odds of accessing government funding and secure capital to support your growth.
Cutting through the complexity of compliance
As manufacturers around Australia respond to new market demands both here and overseas, it’s important to have a handle on your obligations and requirements. Whether it’s tax, audit or risk, we cut through the compliance and complexity.
What are you doing with the data at your fingertips?
You don’t need to be Google to leverage your insights into tangible assets. In fact, manufacturers may be sitting on a treasure trove of data that can support better decision making, improve your supply chains and quality control, and help you understand your customer better. Your organisation is collecting data right now, even if you don't know it. And if you do know what data you have, do you know how to use it? Are you across the latest regulatory considerations in the context of emerging tech and changing data sources? We can advise you around improving your processes and client experience to leverage your data to its full potential while protecting your IP.
Embracing a change in pace
Whether you invest in new products, focus on operational efficiency, consider merger and acquisition activity, or are about to adopt disruptive technology, is your organisation ready to embrace the shift? We work with companies to optimise their working capital and to (re)design their operations to be more profitable, create better customer relationships, prepare for future transactions or expand.
Increased focus on decarbonisation, ESG and sustainability transparency
ESG is high on the agenda, with stakeholders including investors, customers and employees, demanding the adoption of sustainability practices. Manufacturers in particular can leverage innovative technologies for machines to reduce carbon emissions, save energy, carbon and costs, and support Net Zero ambitions across products’ value chains. While early adoption of ESG reporting is currently restricted by little guidance on reporting and data points required, being on the front foot with processes, tools, measurement, implementation and disclosure of business activities will be key.
Creating business opportunities through grant program
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