Innovation Drives the Australian Manufacturer to Invest in Technology

Australian manufacturers discussing about investing in technology

The shift in demand of the global supply chain, coupled with the rise of new technologies, is changing the way Australia does manufacturing. This is according to the Federal Government.

The AiGroup’s Australian Performance of Manufacturing Index (PMI) reveals a continuous 13-month growth for the industry. This is gearing the nation into becoming more innovative.

Evolving Nation

The transfer from conventional to advanced manufacturing practices have become apparent. It is compelling the government, industries, and academics to reimagine and repurpose their foundations.

With this conversion, the view of what Australian manufacturing is progressing as well. Research and funding now focus on machinery that inspires ideas. These include industrial air compressors, rather than the production of hand-made materials.

The Department of Industry states that Australia is currently prioritising six industry-led growth hubs in cyber security, medical technologies and pharmaceuticals, advanced manufacturing, mining equipment, food and agribusiness, and the energy sector. The nation has appointed leaders that will promote automation and produce high-quality products.

Additive Manufacturing

Corporate Research Centres (CRCs) and the CSIRO are helping the government’s growth centres boost their productivity. A spokesperson for the Department of Industry adds that this strategy is already proving to be successful, with innovation hubs in additive manufacturing, carbon fibre, and Industry 4.0 inspiring partnership between firms and researchers.

Manufacturers rely on compressed air and vacuum systems now more than ever. The shifting focus of the country toward higher efficiency and cost savings has forced leading brands like Atlas Copco to work extensively on refining their models.

The supplies’ industry is looking into providing specific solutions that add quality and value to manufacturers to improve their production lines.

With the continued investment in R&D by both public and private sectors, manufacturers will be able to provide a more tailored approach to production and service to customers. This movement is inspiring businesses to develop innovative ideas and keep up with the times.