Australia is at risk of being left out of global supply chains without an industrial policy framework tailored to the energy transition, according to innovation specialist Professor Roy Green, who also highlighted that the National Reconstruction Fund is “a financing mechanism, not an industry policy”.
Having returned from a trip to Germany, Professor Green, who is a special innovation advisor at the University of Technology Sydney, told attendees at the launch of the InnovationAus.com Capability Papers that while Australia is perceived to have great “manufacturing creativity and ingenuity” it lacks an overall framework.
One multilateral industrial policy opportunity could be to join the German government’s Manufacturing-X initiative, a “cross-sectoral industrial policy initiative” that seeks to establish a data sharing solution across the entire supply chain of manufactured goods.
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