ABM Advisor: The ABM Blog.
Showing News Filtered By Date from: 2016-02-01 - 2016-02-29
In any industry, maintaining high production standards is one of the keys for success. If your customers and clients trust what's on the shelves and how it is manufactured, there is no doubt that return business will be plentiful.Of course, an example where quality is essential is the food manufacturing industry. According to the Department of Industry, Innovation and Science, the food, beverage and tobacco manufacturing industry was worth $25.4 billion as of the 2013-14 financial year. In fact, this calculated to more than half (25.5 per cent) of the total manufacturing GDP and 1.6 per cent of Australia's total GDP worth.It is important to note that these figures mainly correlate to food products exported offshore. However, the domestic market is just as critical, and food manufacturing business leaders would be wise to keep Australians content.There are have been countless examples in the past of Australian food manufacturing businesses coming up short with local customers - potentially spooking international markets. This is the last thing that enterprises want, highlighting the need to establish strong production standards and improving process management.Lettuce salmonella scareRead Full Story
There is no doubt the global manufacturing industry continues to go from strength to strength. With emerging markets in both the Middle East and Asia, it is important that Australian businesses keep up with latest trends and investments.According to Research and Markets, the global manufacturing execution system market has the potential to reach US$12.6 billion over the next five years. This marks a compound annual growth rate of 10.85 per cent - highlighting the ever-changing nature of this sector.Read Full Story
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