The world's fixation with Israel is weird.
Epstein didn't kill himself
i was about to say that it's weird a news story has been so prominent in australian life.
Larssen wrote:Your obsession with Israel is so incredibly weird.
https://www.aumanufacturing.com.au/wp-c … VFinal.pdfSummary and core recommendations.
After close to three decades of economic growth Australia’s luck has run out.
While today we are a wealthy nation - Australia enjoys one of the highest GDP’s per capita of any
nation – the economic model we have been following failed at the first serious challenge.
Much of our export income has held up during the Covid-19 pandemic, but our economy is revealed
as fragile to external shock, narrowly based, and crucially, lacking in the deep manufacturing
capabilities and capacity enjoyed by other advanced nations be they Germany, Israel, Singapore or
Australia’s manufacturing capacity has been left to atrophy for too long, leaving Australia with the
export profile of a third world nation, an industrial complexity similar to Senegal and Uganda, and a
balance of trade deficit in elaborately transformed manufactures of $188 billion. Our appetite for
imported cars and iPhones has to be paid for somehow, putting intolerable strain on other sectors to
At the same time, our economy is becoming less innovative, with the R&D intensity of the economy
falling from above two per cent of GDP only eight years ago, to 1.79 per cent today. Most worryingly
business expenditure on R&D (BERD) which creates future wealth is also falling, down a massive 10
per cent in the latest year alone from 1.0 per cent of GDP to 0.9 per cent.
The good news is we start our recovery from a good place. While Australia’s manufacturing depth has
been shown to be thin, where it exists it is excellent, dynamic and globally competitive.
Our largest manufacturer, CSL, is the world’s number two biotechnology company, Austal is the
world’s number one in aluminium hulled ships, while our steelmaker BlueScope Steel is a global
leader in steel coating and painting technology.
In the technology sector sleep apnea company ResMed and hearing implant maker Cochlear
dominate their global niches, and tna Solutions is a global success story in food machinery
manufacture. And our defence producers are beginning to emerge onto the world stage. All this is
backed by a world-leading public research sector.
But to make more of the enormous potential of Australian manufacturing, our policy settings need a
We need nothing less than A New Deal Plan for manufacturing, a plan crowd sourced from Australia’s
manufacturing community and laid out in detail in the body of this report. The core recommendations
of our plan are:
Recommendation 1 – A national commitment to manufacturing. Manufacturing needs a rigorous,
game changing reimagination campaign launched by the Prime Minister and State Premiers as a key
part of crossing that bridge to a revitalised post-Covid economy.
Recommendation 2 – National Manufacturing Plan. Replacing the ‘transitional’ plans of the past,
a new National Manufacturing Plan can reflect the successful planning guiding the development of the
Recommendation 3 – Bi-partisan and national support. To achieve policy longevity, core
manufacturing policies should be negotiated and implemented as a joint venture between state and
Recommendation 4 – National manufacturing body. To overcome fragmentation of effort, a new
National Industrial Strategy Commission should be established to develop national priorities and
manage the implementation of industry-facing programmes.
A new deal plan for manufacturing.
Recommendation 5 – Sovereign manufacturing capabilities. Over and above Protective
Equipment (PPE), further analysis is needed to protect our sovereign capability in our critical supply
Recommendation 6 – Workforce development plan. A whole of industry workforce development
plan that clarifies what work, what knowledge, what skills, to what extent, when and where they are
needed, is key.
Recommendation 7 – Leadership. Industrial transformation rests on the skill of industry leaders, and
policy must focus on building capability in strategic planning, innovation, commercialisation and
Recommendation 8 – Government procurement. The emphasis of new transparent procurement
policies should be placed on value for money for the economy as a whole over the life of the product,
as opposed to initial upfront costs. Large private sector projects need local procurement plans in the
conceptual and design phases, not those implemented after the event.
Recommendation 9 – Superannuation as investor in manufacturing. Superannuation funds
should be required to invest a tiny amount of their funds in commercialising manufacturing research,
and manufacturing business scale-up.
Recommendation 10 – Accelerated depreciation. Manufacturers need incentives such as
accelerated depreciation to encourage them to invest in retooling plants with the most advanced
Recommendation 11 – R&D intensity. The key to future manufacturing success is innovation. The
government should declare a goal of boosting R&D intensity in the economy to three per cent of GDP,
through increased R&D incentives.
Last edited by Dilbert_X (2020-07-23 04:33:49)
Margins are mostly huge for apple. Anyway you still run into this basic problem: manufacturing elsewhere is many times cheaper. Say you develop a great product manufactured entirely in the west - what's to stop market competition from taking its course and a competitor undercutting you? Either through total or partial off shored production.
Dilbert_X wrote:Margins are generally huge, the consumer is seeing next to no benefit from Chinese manufacturing, the sale price of most things is many multiples of the manufacturing cost, the profit is being taken from the middle and offshored.