Deloitte Report Sees Innovation as Critical for Australian Manufacturing, Reported on by

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Sustainable manufacturing future critical

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Big4, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC notes the findings of a new Deloitte report that lists a series of issues that will drive manufacturing success in coming decades. Innovation will play a key role in determining which countries and companies can succeed in global manufacturing, looking two decades down the road according to “The Future of Manufacturing: Opportunities to Drive Economic Growth.”

This report, as noted by highlighted how critical it is that manufacturers innovate to stay ahead of competition, and that the pace of innovation is important. Manufacturers must be enabled by having infrastructure and a policy environment that better supports university and research breakthroughs in science and technology. also reports the document looked at the role energy will play in the future of manufacturing, finding that affordable clean energy strategies and effective energy policies will be a top priority for manufacturers and policymakers.

Damon Cantwell, Manufacturing Partner at Deloitte Australia comments:

“Those companies seen as more innovative recorded increases in net income far in excess of their competitors, while more innovative countries surpassed others in regard to both GDP and GDP per capita," he says.

The Future of Manufacturing report is the result of a year-long effort combining primary and secondary research, including a review of academic and industry literature, interviews with more than 30 manufacturing business, academia, and policy leaders, and virtual task force meetings. In addition, industry, policy, and academic stakeholders provided valuable input to the report during seven face-to-face global workshops.

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Kristy Short
(734) 481-0186

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