Posted on 11 November 2015
In this post, we will take a look at three of the most compelling reasons why Australia’s food and beverage manufacturers and producers are cashing in on exports surge.
In the State of the Industry 2015 Report, Gary Dawson, the Australian Food and Grocery Council’s (AFGC) CEO said that food, beverage and grocery processing make up about a third of the country’s manufacturing sector. Hence, it is encouraging to see that food and beverage exports are booming.
To recap the key facts included in the report, the total international trade is up by 12 per cent in 2015, which translates to $61.7 billion in figures. This year, we also saw an addition of 3,183 new jobs or one per cent increase in direct employment both in rural and regional parts of Australia.
All is well in the country’s export business. But why?
If we keep this up, Australia can start shifting from a mining-dependent economy to an export-oriented economy. Dawson of AFGC said we needed to scale up and prioritise capital investment to maximise current and future opportunities in the exports industry. The earlier we use this information will to guide or direct the country’s investment decisions, the sooner we can expect fast economic progress.
Over to you: How important are food exports for our economic growth? Any thoughts on how we can take advantage of these opportunities?