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Opportunites in Australian manufacturing: over-reliance and supply chain instability

Australian manufacturing: the current situation

Over the last few years, the ongoing effects of globalisation have changed the manufacturing landscape in Australia, resulting in increased offshoring and importing. This has resulted in a decline of Australian manufacturing businesses and therefore Australian capabilities. Unfortunately, this has led to Australia ranking last in the OECD for manufacturing self-sufficiency, due to a significant amount of manufacturing equipment and goods being sourced from overseas.