Automation could revive Australia’s manufacturing industry
By Peter Hern, Country Manager, Oceania, Universal Robots Since 2016, the Australian manufacturing industry has experienced ongoing public scrutiny for the closure and offshoring of manufacturing, especially within the automotive sector, due to the high costs of labour. However, there is now opportunity for Australia to revive this industry. This requires a period of substantial change with the implementation of new, autonomous technologies. With these technologies, companies can be more efficient in countries where labour is expensive. Disruptive technologies and advanced automation, such as collaborative robots, or cobots, can help regenerate the dwindled manufacturing industry in Australia. This would allow Australia to compete on a global scale and contribute to global supply chains. A recent report by Bain and Company, Labour 2030: The Collision of Demographics, Automation and Inequality¸ has forecast that automation will create an economic boom over the next decade, offsetting a slowing in labour growth, something Australia needs to ensure it is a part of. Competing on a global scale Deloitte’s Global Manufacturing Competitiveness Index revealed that as the digital and physical worlds of manufacturing converge, advanced technologies are becoming ever more important at company level and in global competitiveness. Technology-intensive sectors are dominating the global manufacturing landscape in advanced economies and allow a strong path to achieve or sustain competiveness. However, even while being an advanced economy, Australia is ranking at 21st on this index. Germany is at the forefront of advanced automation, with industry 4.0 being a whole-of-country strategy to strengthen the economy through manufacturing. At this current time, Australian manufacturers are falling behind their global counterparts in the adoption of industry 4.0, and as a nation, must embrace the digital transformation of manufacturing to compete as a player in global supply chains. Bringing back jobs Between November 2016 and November 2017 the manufacturing industry […]