Security News > 2024 > May > The Australian Government’s Manufacturing Objectives Rely on IT Capabilities

In recent weeks, the Australian government has announced several objectives and initiatives that are intended to drive towards a single outcome: a far more robust local manufacturing industry.

The intent of the Future Made in Australia Act is to build Australian manufacturing capabilities across all sectors, so it is very likely that announcements in the solar panel industry are just the tip of the iceberg.

Sovereignty: The Australian government and population are increasingly concerned the global socio-economic climate means that self-sufficiency is critical, and so Australia needs to boost manufacturing to cover areas where the country currently has low or zero domestic capabilities.

Australia struggles with low-value manufacturing due to high wages and cost of doing business; however, to develop the kind of advanced manufacturing capabilities Australia needs, there also needs to be ways to keep technical capabilities onshore.

Lower costs: Critically, through automating processes and improving efficiency, IT can help reduce operational costs in manufacturing and help Australian manufacturing be globally competitive.

The Australian government's interest in manufacturing as a matter of sovereign self-sufficiency means that many examples of manufacturing will be treated with the same concern as critical infrastructure.

News URL

https://www.techrepublic.com/article/australian-government-it-manufacturing/