Business
Australian manufacturing has been in terminal decline but coronavirus might revive it – ABC News
Australia ranks last in the developed world for the amount of manufactured goods we produce compared to what we consumer, but the COVID-19 pandemic may be a catalyst to arrest the decline.
The widespread shutdown of global supply chains caused by COVID-19 has been good news for Adelaide metal printing company AML3D.
Key points:
- Australia only produces two thirds of the amount of manufactured goods it consumes while most developed nations produce excess
- Manufacturing as a percentage of GDP has fallen from almost 30 per cent in the 1950s and 60s to just under 6 per cent last year
- The manufacturing sector is calling for government incentives to help boost th…
Continue Reading
-
General20 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General11 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
General18 hours agoWarner Bros Discovery board rejects rival $163bn bid from Paramount
-
General24 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat