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Professor Roy Green, Prime Minister’s Manufacturing Taskforce Public Forum 31 August 2012 Radford Auditorium, Art Gallery of South Australia Smarter Manufacturing.

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Presentation on theme: "Professor Roy Green, Prime Minister’s Manufacturing Taskforce Public Forum 31 August 2012 Radford Auditorium, Art Gallery of South Australia Smarter Manufacturing."— Presentation transcript:

1 Professor Roy Green, Prime Minister’s Manufacturing Taskforce Public Forum 31 August 2012 Radford Auditorium, Art Gallery of South Australia Smarter Manufacturing for a Smarter Australia

2 SMARTER MANUFACTURING FOR A SMARTER AUSTRALIA Roy Green UTS Business School Prime Minister’s Manufacturing Taskforce

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4 WHY MANUFACTURING  Technological change and innovation  External trade and current account  High skill, high productivity jobs

5 Manufacturing employment by state, May 2012 Total manufacturing employment (persons) Manufacturing share of total state/territory employment State/territory share of total manufacturing employment New South Wales Victoria Queensland South Australia Western Australia Tasmania Northern Territory Australian Capital Territory Australia Source: ABS Cat. No

6 Contributions to Average Incomes Growth Source: Treasury

7 Australia’s labour productivity growth is below OECD 24 average

8 Labour Productivity Growth: OECD vs Australia 1960s 1970s1980s1990s OECD 24 Average Australia Source: The Conference Board Total Economy Database and Treasury.

9 Labour Productivity Growth: OECD vs Australia 1960s 1970s1980s1990s2000s OECD 24 Average Australia Source: The Conference Board Total Economy Database and Treasury.

10 Australia’s multifactor productivity (MFP) growth is negative

11 Multifactor Productivity (MFP) Growth Source: The Conference Board Total Economy Database and Treasury. Germany Australia UK USA Italy Canada France Japan 1990s

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13 UNIT LABOUR COST COMPARISONS COUNTRY CPI % CHANGE Average Annual % Change MANUFACTURING HOURLY LABOUR PRODUCTIVITY Average Annual % Change UNIT LABOUR COST Average Annual % Change UNITED STATES2.50%5.18%-1.41% SWEDEN3.00%4.42%-1.01% FINLAND1.82%4.54%-0.99% GERMANY1.60%1.82%0.23% CANADA2.00% % AUSTRALIA3.00%1.93%2.48% Source: US Bureau of Labor Statistics: Employers Total Costs of Labor Including Direct Pay and All On Costs

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15 2008

16 INVESTMENT IN KNOWLEDGE % of GDP % 6.1% 5.5% 4.7% 4.1%

17 NATIONAL INNOVATION SYSTEM Government and Public Agencies Finance and Venture Capital Research and Education Institutions Enterprises and Workplaces

18 TYPES OF INTERVENTION Supply Side Tools Financial Equity Support Fiscal Tools Public Sector Research Support Training & Mobility Support Industrial Innovation Grants Services Information Provision Brokerage Support Networking Measures Demand Side Tools Systemic PoliciesProcurementRegulation

19 UTS:BUSINESS

20 “Improving management practice is associated with large increases in productivity and output.”

21 Global Management Competence Source: Data collected from interviews conducted by the Australian Management Practices Project Team

22 Global Management Competence Source: Data collected from interviews conducted by the Australian Management Practices Project Team

23 Large, global companies Significant plant autonomy High levels of skill & education Better management is associated with:

24 Australian Management Performance Gaps Operations Metrics Performance Metrics People Metrics Australia Global best

25 Australian Management Performance Gaps Operations Metrics Performance Metrics People Metrics Australia Global best ‘Instilling a talent mindset’

26 SUCCEEDING IN A HIGH COST ECONOMY Roos and Burton, Integrated Innovation Driven by Emerging Technologies, 2012

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29 Panel response and questions


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