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Collaboration key to reviving Australian manufacturing

Sky News Australia logo Sky News Australia 26/08/2019 Sky News Australia

Collaboration, skills and funding are the secret ingredients to reviving manufacturing in Australia according to a new report from St George Bank.

The report reveals 12 per cent of firms adopt general collaboration and just four per cent work together on research and development.

Sam Lewinson, COO and co-founder of JAR Aerospace which has a focus on unmanned aerial systems, told Sky News “we’ve got many small to medium sized businesses developing different kinds of technology but in Australia we lack a sovereign capability to draw all of those technologies together”.

UNSW Professor Veena Sahajwalla said collaboration is central to the “circular economy”, pointing to reusability and repurposing “end of life products” as a means of optimising production.

“The future will be around our ability to tap into a lot of these end of life products, go in and get to some of these expensive materials.”

“We can then manufacture new products for our economy.”

Mr Lewinson said using recycled materials proves “cheaper” and “better for the environment” without sacrificing key characteristics needed for the manufacturing process.

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