An expert in quality management is forecasting a significant increase in components and machinery made locally after the Government’s $1.5bn investment into its Modern Manufacturing Strategy. The change will result in improved availability and safety of consumer goods in Australia.
The Federal Government made its investment available to two of the six priority manufacturing sectors, as of this month. Manufacturers can apply for a grant to help them strengthen their local supply chain, handle mass production, upskill employees, scale up and improve competitiveness.
Saeid Nikdel is quality management expert at SAI Global (saiassurance.com.au), which has helped hundreds of manufacturers in Australia manage their risk through standards, assurance and training. He says: “Restrictions enforced across the world have resulted in a lack of availability, or delivery delays, of goods, due to parts and components held up in international supply chains. The slowing of production lines has led a flow-on effect to Australians wanting to access goods. The problem has highlighted our manufacturing sector’s deepest vulnerability: its dependence on overseas markets for the supply of machinery, tools, parts and product components. Most of the machinery that we bring into Australia comes from the US and Europe, while product components and parts mostly come from China.”