Make a tax-deductible donation to support CEDA's agenda and help accelerate change
Investment in skills development will be crucial for Australia to find its place in the global supply chain, Siemens CEO, Jeff Connolly has told a CEDA audience in Melbourne.
30/04/2014
Speaking at the launch of CEDA's report Advanced Manufacturing: Beyond the production line, Mr Connolly said Australia currently lacks skilled experts in engineering and data analysis to compete globally in manufacturing.
"Our experience in Australia is that we see a general knowledge gap in engineering already," he said.
"Another skill needed by our future manufacturing workers is how to work with big data and use it to enhance productivity.
Mr Connolly also said polices are needed to incentivise Australian companies to make technology investments.
"I'm not a big believer in handouts but I do believe there is a role in policy, including tax policy, to encourage technology investment which is critical to the future success of any industrial or manufacturing business," he said.
Presentations are available for:
Shadow Treasurer Jim Chalmers told a CEDA livestream audience that one of the biggest gaps in the Federal Budget was “a story about where the economy is heading and where people fit into that story”.
Read more Economy February 16, 2014Australia is not in a housing bubble and prices will continue to rise according to ANZ Chief Economist, Warren Hogan.
Read more Economy May 12, 2011ANZ Chief Economist Warren Hogan and Business Spectator CEO Alan Kohler give their views on the Federal Budget. By Roxanne Punton
Read more