Report

Australian sovereign capability and supply chain resilience: perspectives and options

Publisher
Advanced manufacturing International trade Manufacturing Supply chain Australia
Description

The retreat from industrial policy in Australia over past decades has promoted a shift in Australia’s industrial structure from domestic value-adding and manufacturing towards the bulk export of raw minerals and unprocessed agricultural products. Some have argued that endeavours to secure a minimum level of industrial capability would be anti-trade, anti-competitive and protectionist. Such an approach has resulted in Australia now having the lowest level of manufacturing self-sufficiency in the OECD.

However, arguments to maintain a level of self-sufficiency have increased in prominence as global supply chains were disrupted by the COVID-19 pandemic. The increasingly widespread concern that Australia’s industrial base was not able to supply essential products to support the health and well-being of Australians during the pandemic has forced Australian policymakers to pay greater attention to sovereign capability in industries beyond defence. While the Australian government’s Modern Manufacturing Initiative (MMI) is welcome, it is not a substitute for a national sovereign manufacturing strategy.

Publication Details
ISBN:

978-0-6488941-6-2

Access Rights Type:
open