General Discussions, page-32158

The share price makes us all jump at shadows (at times). Don't lose track of the big picture.

Australia’s changing industrial base

Australia’s industrial base has slowly shifted towards the delivery and consumption of
services over the past 40 years, consistent with the trend in other advanced economies.
The global response to climate change is already transforming Australia, and may be the
most profound driver of change over the longer term. Other drivers such as the ageing
population and digital technology uptake are likely to reinforce the existing trend towards
services delivery and the increasing demand for higher-skilled workers.
The care and support, manufacturing and mining sectors, in particular, are expected to
experience significant change. The care sector is large and growing and will create new
and meaningful jobs over the coming decades. Australia’s mining sector will continue to
be shaped by global demand and the increase in demand for low emissions-intensive
commodities as part of the global transformation to net zero. Australia’s manufacturing
base will likely continue to become more specialised and high skilled, in line with
Australia’s comparative advantage and the opportunities afforded by the net zero
transformation.