Building Resilience in Australian Manufacturing
According to the Advanced Manufacturing Growth Centre Report 2018 there are three business factors driving resilience in Australian Manufacturing:
Superiority: superior firms possess an unassailable competitive advantage by offering technically superior products or services that are unique within the market, and highly valued irrespective of accompanying conditions.
Diversity: diversified firms possess a competitive advantage across many product segments, service offerings or geographically diverse export markets. This enables them to respond to shifting consumer tastes or reduced overall demand.
Flexibility: flexible firms possess an agile business structure allowing them to manage fluctuations in input costs or change industry focus in the event of a downturn.
If you are keen to explore the above when it comes to cnc machined parts please do contact us at Challenge Engineering on (02) 9632 0010 or email enquiries@challengecnc.com.au