Close Menu
Simply Invest Asia
  • Home
  • Industries
  • Investment
  • Money
  • Precious Metals
  • Property
  • Stock & Shares
  • Trading
What's Hot

High-Frequency Trading: HFT in Modern Crypto Trading

March 7, 2026

Martin Lewis explains how to get much better return on savings

March 7, 2026

Costco’s Strong Growth Continues. But Is the Stock Too Expensive?

March 7, 2026
Facebook X (Twitter) Instagram
Trending
  • High-Frequency Trading: HFT in Modern Crypto Trading
  • Martin Lewis explains how to get much better return on savings
  • Costco’s Strong Growth Continues. But Is the Stock Too Expensive?
  • Platinum deficit set to continue for 4th yr; shortage may shrink 75%
  • Boost tax-free Personal Allowance for savings with HMRC pension rule | Personal Finance | Finance
  • Best savings accounts as lenders cut rates
  • Arbitrage Trading: Profiting from Crypto Price Differences
  • Why Grocery Outlet Stock Dived by 33% This Week
Facebook X (Twitter) Instagram YouTube
Simply Invest Asia
  • Home
  • Industries
  • Investment
  • Money
  • Precious Metals
  • Property
  • Stock & Shares
  • Trading
Simply Invest Asia
Home»Industries»Revealed: What Australians really think about local manufacturing
Industries

Revealed: What Australians really think about local manufacturing

By LucasOctober 26, 20254 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Australians have overwhelmingly backed a campaign to bring manufacturing back to our shores, as industry groups warn the sector is at a “tipping point”.

More than 10,000 people responded to a poll as part of News Corp’s Back Australia campaign, which aims to turbocharge Australian industry.

Of those who responded, 95 per cent said they wanted to “bring back manufacturing to Australia” and 50 per cent said they bought Australian made products to support jobs here.

Prime Minister Anthony Albanese, who along with some of Australia’s biggest businesses including Westpac, Coles and Bunnings and business leaders Andrew Forrest, Dick Smith and Katie Page, has supported the Back Australia campaign.

Australia’s manufacturing industry is under pressure from high energy prices and aggressive dumping of Chinese goods, demanding a strong rearguard action to protect up to 1 million Australian jobs in the sector.

Innes Willox, chief executive of the Australian Industry Group, said manufacturing has contracted 4 per cent in a year with manufacturing at its lowest level since his organisation began that survey in 1992.

“Australia is at a tipping point,” Mr Willox said.

He said businesses were “agnostic” to how power was supplied, either through renewables or gas or coal, but they wanted certainty about pricing.

“Manufacturers are looking at their businesses and are considering what they will keep in Australia and what will go offshore,” he said.

Want to read more of the stories you love on one of our state news websites? Click here to sign up for a free trial and access 12 locked articles on web over 12 weeks. Limits and T & Cs apply.

Readers have reacted to the front page of the Sunday Telegraph, which encouraged Australians to spend more on local goods.

“ I would be delighted to buy Aussie products as much as possible,” Norm wrote.

Greg added: “I do my best to buy Australian whenever I can.”

The Albanese government claimed it had “the most ambitious pro-manufacturing policy since World War II” with its green “Future Made in Australia” policy.

The $22 billion program will supercharge our solar panel, battery and wind farm manufacturing sectors.

Industry and Innovation Minister Tim Ayres said: “We’re backing Australian manufacturers to secure high-quality jobs, and ensure a fairer playing field in international trade.

Mr Albanese also signed a deal with US President Donald Trump last week to process rare earth minerals in Western Australia.

“With world-class renewable energy and critical minerals, Australia is ready to lead the next generation of clean industries,” Mr Ayres said.

He also pointed to the $2.4 billion deal with the South Australian government to save the Whyalla Steelworks.

But maverick Liberal Andrew Hastie who sensationally quit the Liberal front bench over his opposition to the Coalition’s energy policy, said “the PM is the GOAT (greatest of all time) of climate hypocrisy”.

“Aussie energy prices are way too expensive for us to be globally competitive. Energy is expensive because of Labor’s climate obsession,” he said.

“They force us to pay big bucks for inefficient Chinese-made industrial solar and wind farms. Meanwhile, they ship cheap and efficient Aussie coal and gas to China to power their manufacturing.”

Australia’s manufacturing sector was 15 per cent of the economy in the 1970s, compared with just 5.1 per cent in 2025.

That’s the smallest manufacturing sector of any country in the Organisation for Economic Co-operation and Development (OECD) group of countries.

Oceania Glass, one of the key supplies of glass across Australia, shut its doors in February this year because of the impact of China “dumping” cheap products on Australian markets.

The 169-year-old company, which supplied large panes of glass for Canberra’s Parliament House, was unable to compete with subsidised Chinese products.

Alcoa shut its aluminium smelter in Western Australia last year, while high energy prices have been blamed for the shut down of plastics manufacturer Qenos, which had a plant in Altona, Victoria.

Incitec Pivot closed its fertiliser factory on Gibson Island in Brisbane in 2022 because it was unable to get a long-term gas supply deal.

Alex Hawke, opposition spokesman for Industry and Innovation, said: “The Coalition backs a strong, modern and diverse manufacturing sector.

“We have some of the most talented workers in the world, but they’re being smashed by Labor’s trifecta of soaring energy prices, higher taxes and rigid regulations.”

This article is part of the Back Australia series, which was supported by Australian Made Campaign, Harvey Norman, Westpac, Bunnings, Coles, TechnologyOne, REA Group, Cadbury, R.M.Williams, Qantas, Vodafone and BHP.

Originally published as Manufacturing crisis: The numbers that have industry leaders worried



Source link

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

Related Posts

Invoking emergency powers, India asks oil refiners to ramp up LPG output

March 7, 2026

UK Lords warn of AI impact on creative industries

March 7, 2026

Government’s AI copyright reforms set for delay after backlash from creative industries

March 6, 2026
Leave A Reply Cancel Reply

Our Picks

Essential Utilities’s Earnings Outlook – Essential Utilities (NYSE:WTRG)

February 24, 2026

Letting of Holmes Chapel industrial unit linked to property firm’s expansion drive

November 11, 2025

Succession certificate vs legal heir certificate: What every inheritor should know

October 28, 2025

BBC Learning English – The Reading Room / Life lessons learnt from pocket money

November 25, 2025
Don't Miss
Trading

High-Frequency Trading: HFT in Modern Crypto Trading

By LucasMarch 7, 2026

In today’s dynamic financial environment, time is of the essence. A matter of a fraction…

Martin Lewis explains how to get much better return on savings

March 7, 2026

Costco’s Strong Growth Continues. But Is the Stock Too Expensive?

March 7, 2026

Platinum deficit set to continue for 4th yr; shortage may shrink 75%

March 7, 2026
Our Picks

Gold tops $4,000 as US shutdown, weak data stoke haven demand

November 7, 2025

UK airline becomes latest British operator to cease trading

November 16, 2025

Pershing Square Holdings, Ltd. Announces Investment in Howard Hughes Holdings Inc. Preferred Stock

January 16, 2026
Weekly Pick's

Salesforce Options Trading: A Deep Dive into Market Sentiment – Salesforce (NYSE:CRM)

February 23, 2026

Dow Jones Top Markets Headlines at 1 AM ET: Asian Government Bonds Fall as Middle East Conflict Stokes Inflation Fears | Trump …

March 5, 2026

Here’s How to Easily Cover the New Amex Platinum Annual Fee

October 18, 2025
Monthly Featured

Not Just Travel hosts ‘Platinum’ conference on Norwegian Getaway

December 10, 2025

3 Red-Hot Growth Stocks to Buy in 2025 — Including Opendoor Technologies and Broadcom

October 21, 2025

BRAC Bank launches platinum multicurrency debit card with Mastercard

November 24, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2026 Simply Invest Asia.

Type above and press Enter to search. Press Esc to cancel.