Survey Finds Australian Manufacturers Gearing up for Reshoring

Staff Writer,

One in two manufacturers intend to bring operations back to Australia within the next three years, according to a new survey.

The survey, released by PROS, found that 55% of Australian manufacturers intend to reshore their operations to Australia by 2023 following market volatility caused by the COVID-19 pandemic and international relations with neighbouring countries. The Australian Manufacturing Outlook survey revealed confidence in that the Australian economy is growing, with more companies signalling they intend to bring manufacturing operations back to Australia.

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