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MESSAGE FROM THE EXECUTIVE DIRECTOR |
Kia ora!
I hope you all enjoyed a wonderful Matariki weekend. New Zealand’s Performance of Manufacturing Index (PMI) continues to show a concerning trend with the sector now in contraction for 15 consecutive months – and there aren’t many signs of us returning to positive territory any time soon. The seasonally adjusted PMI for May was 47.2, down from 48.8 in April (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 indicates that the sector is declining). The results show that manufacturers are struggling to bring in new orders, while holding on to finished stock. The BusinessNZ Network is working with government officials to understand the weaknesses in the Trans-Tasma Mutual Recognition Agreement and are asking for manufacturers’ feedback. There is a quick survey down below, please take 5 minutes to fill it out and help ensure that New Zealand goods can continue to be sold in Australia via the TTMRA. That’s it for now, have a great week! Josh
| Ngā Mihi,Joshua Tan, jtan@businessnz.org.nz | | Joshua Tan, Executive Director ExportNZ & ManufacturingNZ | | | |
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Activity in New Zealand’s manufacturing sector experienced a drop in May and ongoing contraction of the sector, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for May was 47.2 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was down from 48.8 in April, and means the sector has now been in contraction for 15 consecutive months.
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Survey Request: Is Trans-Tasman Trade Breaking Down, and What Can Be Done About It?
| The Trans-Tasman Mutual Recognition Agreement (TTMRA), which provides that goods that can legally be sold in New Zealand can be sold in Australia, and vice versa, is now 20 years old. At the time, the Agreement created a world-leading trade framework. But it is evident that regulatory and other barriers have started to creep in, and these have weakened the Agreement. Please help us to gather information about the barriers and possible remedies by clinking the link and completing the questionnaire. It should take 5-10 minutes.
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Mental Wellbeing by Design with Dr. Hillary Bennett
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Webinar with Dr Hillary Bennett from Leading Safety as part of the ACC Thriving Manufacturing Programme, supported by the Business Leaders’ Health & Safety Forum.
Contact Business Leaders’ Health and Safety Forum: info@forum.org.nz
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EMA Presents Hon Andrew Bayly Minister for Small Business and Manufacturing
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The EMA is pleased to invite you to hear from Minister of Small Business and Manufacturing Hon. Andrew Bayly at Waikato Innovation Park on Thursday, 18 July from 11am to 12.30pm. This is your opportunity to engage with the Minister and get an intimate overview of how the government is supporting and promoting these crucial sectors of the economy. | | | |
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United States Efforts to Increase Domestic Semiconductor Chip Manufacturing
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The Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (CHIPS) was signed into law by President Biden on 9 August 2022. Bipartisan passage of CHIPS occurred after a lengthy period of negotiation across both parties and chambers of Congress. CHIPS appropriates historic levels of new funding to support investments in semiconductor manufacturing and research and development (R&D).
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How Strategic Roadmapping Can Signpost the Route to the Future
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Roadmapping is a powerful approach that can help organisations to effectively plan and communicate their strategy. Dr Imoh Ilevbare, Principal Solution Development Specialist at IfM Engage, tells Jason Naselli why he loves helping organisations to create their own roadmaps, how its visual approach helps organisations to design and communicate their strategy more effectively, and reveals some of the best and most interesting examples he has seen.
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Don’t forget to check out our contract manufacturers directory if you are looking for contract manufacturing support or you are wanting to advertise your services.
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Missed an issue of The Exporter? Click here to access all previous issues in our Newsletter Archive.
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