It’s been a rollercoaster couple of months for manufacturing in Australia, with the Australian Government promising over $1.5 billion to modernise the sector and create new markets and industries to accelerate the COVID-19 recovery, with many organisations already re-tooling their operations to produce new products.
This is an exciting time for Australia’s manufacturing future. It’s also one which we expect to further accelerate the automation of existing manufacturing outfits and the establishment of new, more highly automated production lines.
A recent study by Pitney Bowes reports that automation can assist in freeing up capital to invest in creating new and better-paying jobs. Another report by Bain & Company entitled Labour 2030: The Collision of Demographics, Automation and Inequality, forecast automation as one of the key drivers of change that will create an economic boost for Australia over the next decade and offset a slowing in labour force growth.
At FM Global, we’ve certainly seen an increase in policyholders who are looking to integrate automation into their production lines. This tracks the evolution and advancement of robotic…
