CONDITION MONITORING AND MAINTENANCE
SUPPLY CHAIN
INFRASTRUCTURE INVESTMENT CRITICAL TO PRODUCTIVITY Ongoing private investment in supply chain infrastructure is a necessary part of ensuring Australia’s resilience and productivity, says Port of Melbourne Chief Executive, Saul Cannon.
P
rior to COVID, supply chain matters rarely made headlines. However, pandemic-related delays in goods ranging from medicine to furniture, electronics and automobiles, alerted many Australians to the fragility of the globalised trade system. Port of Melbourne Chief Executive, Saul Cannon said recent disruptions and congestion at both the global and local level demonstrate why we need an ongoing focus on building supply chain resilience. “We must not waste the lessons in resilience we have learned over the last three years,” Mr Cannon said. “Australia is still a relatively small market by international trade and shipping standards, and we need a stronger strategic
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March 2023 // Issue 26
focus on our global positioning to ensure that Australia is appropriately positioned to respond to growing trade demand and changing market dynamics.” Port of Melbourne is planning for, and investing in, port projects to maintain efficient operations and respond to capacity needs. Port of Melbourne is investing more than $2 billion in projects over the next decade or so, on top of the approximately $420 million already spent since the State Government privatised the port in 2016. “It’s about ensuring that we have the right infrastructure in the right place at the right time to deliver for Victoria and beyond,” Mr Cannon said.
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