AI & Manufacturing

As industries around the globe embrace the digital revolution, artificial intelligence (AI) is rapidly transforming the manufacturing landscape. 

Australia’s manufacturing sector is experiencing a significant technological revolution, driven by advancements aimed at enhancing efficiency, sustainability, and global competitiveness.

Despite being a cornerstone of Australia’s economy, the country’s steel manufacturing industry is currently facing a critical juncture amid intense global competition.

Over the past decade, more than 1,850 workers have lost their lives to traumatic injuries in Australian workplaces. Even more alarming, over 1.1 million workers have filed serious compensation claims for injuries resulting in more than a week of lost work time. That is approximately one in every 12 workers facing significant workplace injuries.

Australian manufacturers are facing a perfect storm of energy challenges, with most regions in the country experiencing a surge in power prices in the second quarter of 2024. This price volatility comes at a critical time when the global manufacturing landscape is increasingly prioritising sustainability and energy efficiency as key factors in competitiveness.

A new analysis by S&P Global Market Intelligence reveals that Saudi Arabia and the UAE are accelerating their investments in AI and semiconductor capabilities to boost their technology sectors. 

The manufacturing industry in Australia is continually evolving, driven by technological advancements and increasing demands for efficiency and productivity. 

Artificial intelligence has become more than just a buzzword as it promises to revolutionise every other industry in the world, including manufacturing. In Australia, in particular, the hype surrounding AI and automation has reached a fever pitch, with many business leaders leveraging their resources to race towards adoption and implementation.

Umall, Australia’s leading online Asian grocery platform, has become the first online grocery retailer in the country to introduce AI-powered robotic sorting technology. 

The Australian manufacturing sector is in a state of emergency. Insolvencies have tripled in two years since 2022, and the industry is battling a perfect storm of labor shortages, supply chain disruption, and skyrocketing inflation.