30/04/2020
"The coronavirus crisis has thrown the spotlight on Australia's manufacturing sector. The sudden restrictions in overseas markets and the extraordinary global demand for products such as medical supplies have laid bare Australia's over-reliance on supply chains out of China.
After reaching a high of nearly 30 per cent of gross domestic product (GDP) in the 1960s, manufacturing has since fallen to 6 per cent of GDP.
How incredibly stupid it is for us as a nation to dig the lithium out of the ground, send it overseas and buy the batteries back at 50-times the price".
The Federal Government has been spruiking a return to manufacturing in post-Covid-19 world, but experts say it will be tough to flick the switch on a sector of the economy that's been withering on the vine for decades.