Australia and NZ economy predicted to emerge from Covid-19 better than most
Going hard and going early has paid off for a select few countries around the world that got it right when dealing with covid19. Australia and NZ are among that small group and will be ready earlier than most to fill supply shortages both domestically and abroad. According to credit rating agency S&P Global, NZ’s economic growth and aggregate demand will bounce back later in 2021, creating opportunities for manufacturers. With low interest rates and a weaker dollar likely to persist for some time, manufactures will need to find ways to handle the extra demand in the not too distant future. Working smarter, not harder will be the key requiring a move away from spreadsheet and paper based production planning to technologies such as manufacturing ERP that integrates with departments across your organisation providing real time accurate data.
Looking to upgrade that legacy ERP? How about doing a cost and benefits comparison with a manufacturing execution system that’s completely new, yet fully compatible with existing design work shops, inventory management systems, production scheduling etc. You might be surprised how cost effective a new MES is with much greater functionality, quick payback, reduced variable costs and increased productivity.