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MESSAGE FROM THE EXECUTIVE DIRECTOR | Kia ora, Those hoping for a more optimistic start to the year, will be disappointed with the recent PMI (Performance of Manufacturing Index) results announced last week. The seasonally adjusted PMI for December 2023 was 43.1 (a PMI reading below 50.0 indicates that the manufacturing sector is generally declining”. This was a further decrease from November (46.5) and highlights the difficult environment manufacturers have faced in the second half of 2023. We’ve been talking with Engineering Dreams’ Jess Covich about the opportunities to engage with New Zealand’s space industry manufacturers. Engineering Dreams is keen to bring together a group of like-minded companies and people around the country to collaborate, share experiences, and identify opportunities in the industry under the Space Trailblazer initiative. See below for more details and to get in contact with the group. Lastly, ManufacturingNZ would like to congratulate Andrew Bayly on his appointment as Minister for Small Business and Manufacturing. We look forward to working with Minister Bayly and the Government's continued support of manufacturers. Have a great weekend, 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 ended in further contraction, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for December was 43.1 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was down from 46.5 in November and the lowest level of activity since October. It also meant the sector has been in contraction for ten consecutive months.
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Red Sea attacks driving up freight costs - Rabobank
| Vogel said the freight disruptions would force up the price of imported goods - especially fertiliser, agricultural chemicals and machinery parts.”
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Are you a business owner wanting to know where to start with your online security? Join us for an interactive webinar as we unravel the world of online security - in a way that's approachable and tailored for your small business.
What to Expect?
- Understanding the Basics
- Exposing Online Threats
- Practical Tips for Business Owners
- Interactive Q&A Session
Why Attend?
Cyber-attacks on businesses are continuing to rise. Whether your business is big or small, learn about protections you need in place to keep your data, networks, customer information, and your reputation secure.
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Starting right here in Aotearoa and expanding globally, our aim is to create opportunities and showcase New Zealand’s space capabilities with the world, transforming the space industry by focusing on connecting & streamlining its collaboration, and sustaining & empowering its innovation.
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Navigating AI, Sustainability And Geopolitics In 2024
| The interplay of sustainability, geopolitics and supply chain management presents opportunities and challenges, emphasizing the role of AI.
| It’s been just over a year since ChatGPT took the world by surprise and in just one year the level of progress that’s been evident in Generative AI has sparked a flood of platforms and solutions that want to take advantage of Large Language Models (LLMs) across any and all use cases.
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Matching the Future: The AI Advantage
| In this article, Sebastian Pattinson, an Associate Professor in Manufacturing Processes, Systems, and Organisations at the IfM, delves into how AI could improve processes and provides valuable tips for using AI-controlled systems effectively
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Doing Business in the US/ Select USA Roadshow - Auckland & Christchurch |
The USA is New Zealand's third largest export market. In the last 12 months NZ's exports have grown by 10.4%. with goods exports totaling $8.3 billion plus over $3 billion in services. Come along and hear from the experts who have been successful there and from those who can assist you to enter and do business in the US market.
Dates: - Auckland – 14 February 3:00 to 5:30pm
- Christchurch – 15 February 3:00 to 6:00pm
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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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