Import replacement matters to regional communities.

What an incredible sight to see leaving a regional community.

Import replacement matters when it comes to revitalising our regional towns and villages. It matters because the world was locked down by the COVID-19 pandemic, which disrupted many supply chains. A crisis may last for months, diminishing economic activity in our regional communities.

A prolonged period of dislocation triggers distress, which, in turn, could lead to many problems that most people never experience. Import replacement matters because it can minimise the negative impact and job losses.

Import replacement is vital to combat widespread job and population losses. Regional, rural, and remote communities should examine all the goods and services imported into their communities. They should examine everything, from food to energy supply and the essential ingredient of water.

The COVID-19 pandemic lockdown revealed the need to focus on more industry in our communities. Governments at all levels need to deepen the linkages between agriculture and industry. This is a catalyst for revitalising our communities and creating a more sustainable future.

Investments in agriculture ensure a reliable and sustainable supply chain for the value-adding industry. Thus, food security for our country should never become a problem. As an additional benefit, our export potential, down to our communities, should improve substantially.

Import replacements matter; everyone should buy locally and only import what cannot be produced locally.

The aim of policy decisions should be to increase demand and secure a raw materials supply. At a time when businesses are struggling to adapt, you should look at the towns and villages that have already successfully started to re-localise products and services.

There have been signs of opinion shifting recently. The hopes held for local manufacturing businesses could be solved by starting with home-based production for previously imported goods.

Amid the grim reality of the COVID-19 pandemic, one of the rare feel-good stories has been a local business that changed its manufacturing setup in immediate response to the crisis.

See entrepreneurs stepping up to the plate to meet the community’s needs during a crisis. One-off pivots should be considered a long-term strategy.

Strengthening agricultural production and productivity will increase the food supply for everybody and inject critical income to enhance the circulation of money, which is central to restarting and refocusing businesses.

Many local manufacturers will only need help improving their systems and processes. No one should ever feel compelled to replace or develop anything. If it is worthwhile, regional people will make it happen.

The big question is, “How well do you innovate?” Contact us to help you start innovating: https://faqsupport.com.au/contact.

Quotable Quotes

“Whenever someone says, ‘You’ve changed my life,’ you can’t replace that”. Tempestt Bledsoe

“There’s nothing like watching the people in a community become excited about their future; it’s invigorating and contagious”. Peter Sergeant