It’s no secret that the manufacturing industry in Australia is facing huge cost pressures, such as high labour costs, high import costs and high levels of regulation. But it’s not all doom and gloom according to our industry expert Charlie Macdonald.
“We believe there’s a bright future for Australian manufacturing, and many companies are already adapting the way they do business to prosper,” notes Charlie Macdonald, Manufacturing, Transport and Logistics Industry Executive at Telstra. “A lot of customers have been talking to us about mobilising their internal processes, in an attempt to control escalating costs and boost staff productivity.
“Asset tracking is another area many customers are keen to explore, as often through technology these processes can be automated and deployed on mobiles and tablets.”
Efficient asset tracking will help provide consumers with the transparency they now demand. Largely thanks to the internet and social media, but also due to consumer demand for ‘clean and green’ products, companies are facing increasing scrutiny of their back-of-house operations.
“Consumers want to know that the eggs they’re buying are free range, or that their new skirt was made in a factory that pays fair wages. It’s no longer just about meeting government regulations – the integrity of your brand is at stake.”
We believe there’s a bright future for Australian manufacturing, and many companies are already adapting the way they do business to prosper.
Charlie Macdonald, Manufacturing, Transport and Logistics Industry Executive at Telstra
In the future, Charlie sees increased adoption of new technologies such as 3D printing in the manufacturing area, an increased reliance on robotics and, in Australia, a change in the end product. Another major trend in manufacturing is the convergence of operational technology with information technology (OT and IT). Enabled by the ‘Internet of Things’ this OT and IT convergence delivers a platform for more efficient and agile manufacturing processes.
For more insights from Charlie, download and read his Make for Asia white paper.
In next month’s IN:SIGHT, we’ll look more closely at ways you can improve the efficiency of your operations through technology.
- Mobilising internal processes can reduce costs and boost productivity
- Transparency is a key issue for consumers
- New technologies could shape the future of Australian manufacturing