Lamentations over the predicament of our country’s manufacturing industry have dominated headlines over the past year. There is, however, a light behind the storm clouds. As Dr Glenn Stevens, the Governor of the Reserve Bank of Australia, pointed out, ‘Even as industries are shrinking, new industries can grow up’.
This report – "Product Innovation in a hyper connected world: The Australian Maker Movement” – takes a different, more radical outlook. Our view is that the future of Australian manufacturing is fundamentally shifting, and could lie with our emerging ‘maker movement’. Australia finds itself at a disadvantage for labour- intensive, low-skilled manufacturing however, technologically voracious and interconnected Australians have collectively built a digital foundation for the vibrant maker movement.
Business would be well advised to observe how the successful startups outlined in this report find ways to participate, learn, and shape the movement. Moreover, we urge Australians to take pride in the emerging movement, which showcases the good old Aussie ingenuity of making things happen.