A decade of manufacturing performance analysed
The manufacturing industry in Australia has been subjected to significant competitive pressures over the last decade that has left many questioning the viability of the industry in this country.
The short response to these questioners is that manufacturing undoubtedly has a role in the Australian economy as a key generator of R&D, as an essential enabler for other ‘headline’ industries and a has a compelling multiplier effect in terms of jobs, expertise and boosting local economies.
But how does the manufacturing industry redefine itself to ensure its relevance and visibility within a future economic environment?
QMI Solutions has been gathering data since 2004 and has been qualitatively measuring the performance of manufacturers in Queensland and specifically that performance as it is driven by best practice
There are some very interesting findings that have emerged from the data that show that the overall trend for manufacturing performance, driven by best practice implementation, has shown a slight improvement from 61.9pts to 62.5 between 2004 and 2013 – this is an approximate 1% improvement from the 2004 figure.
To learn more about the findings and what this means for the future of manufacturing in Queensland read the entire report here:
We would be very interested to hear feedback regarding our findings and any views other might have on this.