Published 23-04-2015

INDUSTRY BOSS CALLS FOR MORE ‘COUNTRY TO COMPANY’ TRADE DELEGATIONS

22-04-2015

Australian businesses would benefit enormously if government trade and investment strategies focused more on “country to company” facilitation, the Chairman of the Australian Advanced Manufacturing Council, Mr John Pollaers, said.

“The dominance of small and medium sized enterprises in Australia means some of the biggest opportunities for Australian business growth will come from supplying large multinational companies’ global value chains,” Mr Pollaers said.

“The opportunity for Australian companies – advanced manufacturers and service providers alike – is enormous.”

Speaking at the Hannover Fair, the world’s leading trade fair for industrial technology, Mr Pollaers said SMEs could learn a great deal from understanding the strategic pathways of global industrial giants.

“Where are these companies expanding? What are the new sectors, new technologies, new markets they are focusing on? What are the problems they are trying to solve?

“Really understanding this will give Australian companies an edge,” he said.

Mr Pollaers said traditionally trade and investment facilitators have taken groups of business people on “country to country” missions.  

“There is a good case for saying ‘country to company’ missions should also be strongly supported,” he said.

“Austrade is doing some great work in increasing access for Australian SMEs into global value chains. This would give that strategy critical support.”

RELATED NEWS

  1. Australia’s Economic Complexity Index (ECI) ranking falls to 91st on global index, the lowest of any OECD nation
    Manufacturing is the answer to address Australia’s declining ECI ranking by helping transition the economy from raw commodities trade to value-add manufacturing
    Advanced Manufacturing...
  2. A worthy nomination for the Hunter Manufacturing Awards, Central Coast-based 4id Solutions opens the door to the true potential of the connected world, delivering leading-edge technologies that enable customers to track, trace, and protect important assets.
    The Hunter Manufacturing Awards (HMA)...
  3. With customers increasingly requesting simulation as part of the tender process, engineering company Products for Industry (PFi) has realised significant benefits through the use of digital twin visualisation software.
    Based in Queensland, PFi is a locally owned and operated business servicing the...