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INDUSTRY 4.0: AN OPPORTUNITY FOR EVERY AUSTRALIAN MANUFACTURER
Manufacturing is and remains essential to the prosperity of nations. Yet as traditional production methods and business models evolve in today’s internet-driven world, Australia is locked in a global race with countries that understand the sector is profoundly changing. Embracing the digital transformation of manufacturing, referred to in this submission as Industry 4.0, is becoming crucial to a nation’s competitive advantage. The stakes couldn’t be higher. Nations that rest on their laurels risk squandering their market position. Those that successfully transition to the digital age will be the powerhouses of the future. The Advanced Manufacturing Growth Centre (AMGC) welcomes the opportunity to advise the Australian Government on how more manufacturers can be activated as part of this urgent national challenge. This submission proposes exciting and achievable recommendations to help every Australian manufacturer adopt Industry 4.0 – from large businesses to the almost 95% of firms that employ 20 people or less – and in both city and regional areas around the country.
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