Manufacturing & Wholesale
Australia’s manufacturing and wholesale industry stretches far and wide, covering many subsectors, product lines and locations. Today’s ever-changing global environment creates further complexity - impacting efficiency, influencing margins and exposing businesses to new risks. Moreover, the movement towards digitalisation, big data, automation, and new materials (‘Industry 4.0’) will create both opportunities and challenges.
Several key factors impacting stability in Australia’s manufacturing sector include:
- Global competition, particularly from BRIC nations
- Taxation considerations
- Currency fluctuations
- Geographical isolation
- Energy costs
- Supply chain disruption
- Trade relationships.
At BDO, our specialists can guide you through the complexities and challenges of doing business in a global, and often uncertain world. Our team delivers practical and strategic advice to help our clients identify and leverage their key competencies across the entire value chain. By blending sector experience and specialist knowledge we build long standing relationships with industry stakeholders.
We know and understand your challenges because we listen. We have experience across the following manufacturing sub-sectors:
- Food & Beverage
- Resources Technology & Critical Minerals Processing
- Building & construction
- Metalworking & foundry
- Medical products
- Pharmaceuticals & Medical equipment
No matter where you are, we will always deliver on our promises. We believe operating on-site is the only way to build relationships, understand the issues and help create solutions. We know this because it’s how we work.
Contact one of our Manufacturing specialists to find out how we can help.
Modern Manufacturing Strategy
In the 2020-21 Budget, the Government announced a new $1.5 billion Modern Manufacturing Strategy as part of its JobMaker plan to stimulate the Australian economy through its recovery from the COVID-19 pandemic. The strategy will run over the next five years, targeting six National Manufacturing Priorities. Funding will be delivered through three programs - Modern Manufacturing Initiative, Supply Chain Resilience Initiative and Manufacturing Modernisation Fund.
Find out more
Want to chat with a BDO Manufacturing & Wholesale adviser?