Business conditions for manufacturers have suffered their biggest single quarter decline in 20 years, according to the most recent Australian Chamber-Westpac Survey of Industrial Trends.
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By Flavio Romero Macau, Senior Lecturer in Supply Chain Management and Global Logistics, Edith Cowan University Panic buying, shop shelves emptied of toilet paper, hand sanitiser, pasta and other household supplies, supermarkets policing limits on buying products, Amazon and eBay stopping opportunists from selling items at exorbitant prices. When will things get back to normal?…
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Canberra is doing far too little, far too late to seek help from industry in manufacturing the key tools Australia needs to weather the coronavirus pandemic. China alerted the WHO in December of the first cases of coronavirus, but it is only this week that Canberra seems to have taken any action to mobilise manufacturers…
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Australian rocket company, Valiant Space, has successfully fired its ‘Momentum’ liquid fueled rocket engine, claimed to be the first commercially developed such engine in Australian history. The engine was ignited on 15 March at Beyond the Blue Aerospace’s launch and test facility, Funny Farm Space, north of Goondiwindi, Queensland. Black Sky Aerospace, known for their…
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Melbourne start-up Great Wrap has launched a plant based, compostable and stretchy biodegradable replacement for conventional plastic wrap. The company’s Great Wrap product is made from plant-sourced PLA and PBAT and is suitable for kitchens or for wrapping pallets of goods in factories and logistics centres. The product is certified compostable, degrading in a compost…
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When the going gets tough, the tough get going. Only a few months after listing carbon fibre composite automotive wheel manufacturer Carbon Revolution has completed a rushed $25 million capital raising. The company completed a non-underwritten institutional share placement ‘to position the company as strongly as possible to deal with the impacts on the business…
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A crack Australian team is tackling the threat of space junk wrecking new satellites using machine learning
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The coronavirus has claimed another victim with Reed Exhibitions postponing the Advanced Manufacturing Expo (Sydney), which was planned to be held from 13-15 May The Expo, the renamed National Manufacturing Week (Sydney), will be held in the second half of the year according to an announcement. National Manufacturing Week (Melbourne) 2021 is unaffected. @AuManufacturing News…
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The Building 4.0 Cooperative Research Centre has been awarded $28 million in federal funding, and will apply technologies from the world of manufacturing to help modernise the building sector.
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In these uncertain times I feel our local manufacturers need some practical advice on how to manage the situation. We have an opportunity to demonstrate our manufacturing agility and show how we can stand tall and stand together in the face of uncertainty.
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