the Federal Government’s 2020-21 Budget included the $1.5 billion Modern Manufacturing Strategy, which aims to help Australian manufacturers to become more competitive, build resilient supply chains and grow.Victoria‘s only 100% Indigenous certified Social enterprise manufacturing owned and operated print manufacturing company, Currency Print And Corporate Communications (CPCC) welcomed the news.
“We welcome the announcement of this initiative which aims to support Australian manufacturers to be recognised as a high-quality and sustainable helping to deliver a strong, modern and resilient economy for all Australians.” – Sara Stuart, CEO at CPCC
However, funds have currently been suppressed from the manufacturing with only $40 million allocated for this financial year from the Federal Government’s proposed $1.5 billion. Australia is in its first recession in three decades and businesses are begging for support but its government bureaucracy and red tape is getting in the way.
Manufacturing is a powerful economic force despite the low prioritisation from government, which has been proven in Japan after WW2 and more recently in China where most of today’s products are manufactured which has created trillions of revenue, millions of jobs and lifted more people out of poverty in recent years.
“While we welcome this initiative, we also recognise that it is limited in its scope and short-sighted in its timing, providing almost nothing to the sector at a time when we need to restructure and rebuild. The strategy fails to provide supply chain support to the priority industry sectors. Without strong and viable local supply chains these industries will still need to seek off-shore suppliers in order to be competitive and successful. This scheme does nothing to address this issue, which ultimately weakens our manufacturing sector and economy.
We believe that more pressure should be applied to ensure print manufacturing stays here in Australia instead of government buying from overseas suppliers.
We have enough Print manufacturers here in Australia to service the sector, however, without the support, more jobs will be lost.
We are not asking anyone to increase there print spend just spend it here with Australia business and give the Aboriginal printers a fair go. We are not asking for a handout, We just want to be given the opportunity to help government and corporate clients meet their procurement targets ( I don’t know how to say that bit ).”
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