Manufacturers Look to Reshore Operations: Report

Denham Sadler,

More than half of Australian manufacturers are looking to reshore their operations locally in the next two years, a new report has found, as sovereign capability in the sector shapes as a key election issue.

According to the PROS Australian Manufacturing Outlook report, more than half of Australian manufacturers will reshore their operations in the country by 2023 due to market volatility caused by the ongoing COVID-19 pandemic and tense relationships with neighbouring countries.

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