A new survey has indicated that Australian manufacturers are in the most turbulent period in 50 years due to supply chain problems and inflating costs. However, they also benefit from strong demand for commodities. The industrial trends research by the Australian Chamber of Commerce and Industry (ACCI) and Westpac bank found that the manufacturing sector…
Supply Chain Pressures Affect Australian Manufacturers Steady Recovery
While Australian manufacturing has bounced back due to easing COVID-19 restrictions, the recovery faces another major hurdle, labour and material shortages on a scale not seen in almost 50 years. An Australian Chamber Of Commerce And Industry (ACCI)—Westpac survey (pdf) revealed that business conditions modestly improved in the early stages of 2022 despite supply chain…
Australian Manufacturing Grows at Fastest Rate in 3 Decades Despite Massive Labour Shortages
According to the nation’s peak industry group, Australia’s manufacturing sector delivered its highest monthly growth in almost 30 years. The Australian Industry Group’s (Ai Group) Australian Performance of Manufacturing Index (pdf) rose by 1.4 points to 63.2 points in June, which is the highest score since the Index began in 1992. “The 2020-21 financial year…
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