October 21, 2016
Modern international rail manufacturing has increasingly evolved to focus on the production of high-tech, high-value components. For Australian manufacturing to keep up, there is much work to do to continue the evolution of advanced manufacturing in rail, focusing specifically on innovative research and development (R&D) activities. This is why the formation of the Rail Manufacturing Cooperative Research Centre (CRC) is great news for both the sector and Australia as a whole. It started with a roadmap The strategic direction for Australian rail manufacturing was outlined in the On Track to 2040 – Preparing the Australian Rail Supply Industry for Challenges and Growth Roadmap. Commissioned by the former Department of Innovation Industry Science and Research (DIISR), through the Rail Supplier Advocate, the roadmap was developed through intensive collaboration between industry stakeholders, government and the higher education and research sectors. It represented the consensus view of 210 industry…
October 7, 2016
Manufacturing has been the backbone of the Australian economy for decades and, despite recent pressures from overseas, it still plays a vital role in generating innovation, technological change, and high-skill jobs. Manufacturing suppliers and user businesses have unique exposures due to the nature of their activities, and your insurance program must cater for these risks accordingly. Typical exposures include Fire and Business Interruption, Public and Products Liability, Machinery Breakdown, Professional Indemnity and Marine Transit. Furthermore, specialist insurances such as Product Recall and Trade Credit can be important elements of a comprehensive insurance program for a manufacturing business. Similarly, the risk of potential Statutory Liability exposures arising from your workplace can be transferred, and the threat of your Intellectual Property being compromised through Cyber-attack is ever-increasing. Through our relationship with AMTIL and many existing AMTIL clients, Network Insurance Group provides AMTIL members specialised insurance and risk management services in General Insurance, Workers Compensation and Life Insurance. Network Insurance delivers its clients a personalised, tailored service that comes from its…