For business owners in the manufacturing and wholesale sector, assured economic conditions and industry performance means that growth is on the cards for many.
The sector continues to expand rapidly, according to BNZ-Business New Zealand Performance of Manufacturing Index. With any reading over 50 indicating expansion, the sector increased half a point to 57.7 in June this year, following a positive trend that has continued since late 2012. With such strong performance, it is unsurprising that CareersNZ predicted at the end of last year that employment would rise in the sector too.
But just how robust is this growth and what does it mean over the near future?
"To see this level of expected growth over the next 12 months is great news."
A very positive outlook for manufacturing and wholesale businesses
According to the latest Business Monitor survey results from MYOB, business owners and employers in the manufacturing and wholesale sectors are more confident than they have been in months. In fact, 44 per cent of small and medium-sized businesses in the sectors are expecting a revenue growth in the year to March 2017, which is great news for the entire NZ economy, says MYOB New Zealand General Manager James Scollay.
"Manufacturing and wholesale is a vital sector for the country," he said. "These businesses are at the heart of most of our communities and provide not only access to goods and services, but they create many job opportunities."
"To see this level of expected growth over the next 12 months is great news, particularly after a somewhat challenging year."
New Zealand's manufacturing and wholesale sector is growing very quickly.
Sector growth and competition initiate industrial recruitment needs
Many organisations in the sector are writhing under the intense competition and struggling to keep up with the mounting workloads, with 48 per cent of respondents taking on more assignments than was to be expected for this time of the year, says BNZ-Business. In response, more than one-quarter of companies in the sector are planning on taking on new permanent hires over the year to support investments and expansions, while 19 per cent are also looking into temporary staffing solutions.
"This is good news for the many New Zealanders employed by the manufacturing and wholesale sector, and those looking for work within the industry," Mr Scollay says.
However, whenever a company looks to expand, it is important to make sure you hire people with the right skills and attitude. Tradestaff knows that high-quality workers that want to deliver results is integral to developing a point-of-difference amongst tight competition. By working with an industrial recruitment agency that can deliver permanent and temporary staff solutions at all skill-levels, you know that your expansion will be supported by expert hands.
about 4 years ago by Will Percy