After decades on divestments in the manufacturing sector, has the tide finally turned?
We certainly hope so with the Government’s Modern Manufacturing Initiative (MMI) prioritising smart sovereign capability. What’s most exciting about the MMI is that it can help create an equal platform for small, medium and large manufacturers across the six priority sectors. The masters of the bespoke, the IP generators, and the job creators will be our small- and medium-sized companies. The co-investment from the Government for innovation hubs and testing facilities will provide opportunities for collaboration while also protecting differentiating IP. Our experts can help you leverage the opportunities ahead.
Top trends in Manufacturing
Issues impacting businesses in Manufacturing
How is your business tracking?
Our Manufacturing Growth Benchmarking report is a bespoke overview for companies to see how they measure up against other manufacturers in the current environment. Drawing on a large amount of financial data from 100 Australian mid-sized manufacturers, the report outlines benchmarks and trends, covering a number of areas including but not limited to: sales, gross margins, workforce costs, EBITDA, inventory lock-up, debtor days, debt levels, and return on equity. Our 2021 report will be our 5th edition of this report.
Our Australian manufacturing clients have access to this invaluable benchmark report, so please contact us for more information.
Is your organisation ready to embrace a change in pace?
The roadmap has been laid out for modern manufacturing, but 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.
Grants and concessions to kickstart growth
With sovereign capability and supply chain resilience high on both the state and federal agendas, we’re seeing a wide range of grants available to support manufacturers to innovate, invest and create new jobs. Grants released by governments are very often highly competitive. Being grant-ready will increase your odds of accessing this government funding.
R&D and commercialising the next great idea
When push comes to shove, the manufacturing sector in Australia has always punched well above its weight in terms of R&D and innovation. New ways of doing things and new products have originated out of manufactures trying to do more with less and finding ways to differentiate themselves in a crowded global market. Our innovation incentives experts understand how to leverage the lifecycle of innovation to help take your next great idea to the next level.
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?
We cut 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.
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Value-adding and mastering the bespoke
Manufacturing isn’t just sending “stuff” overseas. It’s generating value at home as well. You will have heard this a lot – “value add”. It isn’t just a gimmick or a slogan. It’s where the economic benefit in production lies. And Australia has an opportunity to ramp this up significantly under the MMI.What does modern manufacturing success look like?
Listen to Michael Climpson, National Head of Manufacturing, talk about trends and issues facing the sector right now.
Creating business opportunities through grant program
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