The Australian manufacturing industry has endured a number of challenges over the past decade. When you consider the Global Financial Crisis (GFC), the growth of overseas manufacturing (particularly in China), and the end of Australia's automotive assembly operations, there have been a number of events that have posed significant threats to the industry locally. Despite these challenges, the sector has remained a valuable contributor to the Australian economy. In fact, according to the Australian Bureau of Statistics, the manufacturing industry contributes approximately $100bn to Australia's annual GDP and employs around 900,000 Australians. Moreover, employment in the sector is expected to continue to increase over the next five years.
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