What a great sight to see leaving a regional community.
When it comes to revitalising our regional towns and villages, import replacement matters. It matters because the world has locked down because of the COVID-19 pandemic and disrupted many supply chains. It may last for months, which has diminished economic activity in our regional communities. A prolonged period of dislocation triggers distress, which, in turn, could lead to many problems never experienced by most people. Import replacement matters because it can minimise the negative impact and job losses.
To combat widespread job and population losses, important replacement matters. Regional, rural, and remote communities should be looking at all the goods and services which are imported into their community. Look at everything, from food to energy supply and the essential ingredient of water.
The COVID-19 pandemic lockdown has revealed the need to focus on more industry in our communities. The governments, at all levels, need to deepen the linkages between agriculture and industry. It is a catalyst for revitalising our communities and creating a more sustainable future.
Investments in agriculture ensures the supply chains to the value-adding industry are reliable and sustainable. In doing so food security for our country should never become a problem. As an additional benefit our export potential right down to our communities should improve substantially.
Import replace matters; everyone should buy local and only import what cannot be produced locally.
The aim of policy decisions should be to increase demand and secure raw materials supply. At a time when businesses are struggling to adapt, you should look at the towns and villages who have already successfully started to re-localised products and services.
Over recent months there have been signs of opinion shifting. The hopes which were held for local manufacturing businesses could be solved by starting with home-based production for goods previously imported.
Amid the grim reality of the COVID-19 pandemic, one of the rare feel-good stories has been a local business changing its manufacturing setup in an immediate response to the crisis.
See entrepreneurs stepping up to the plate to meet the needs of the community during a crisis. One-off pivots should be looked at in terms of a long-term strategy.
Strengthening agricultural production and productivity, will not only increase the food supply for everybody but also inject critical incomes to enhance the circulation of money which is central to restarting and refocusing businesses.
“How Well do You Innovate”, that’s the big question. Contact us for a tool to help you start innovating, https://faqsupport.com.au/contact-us/
“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 as well as being contagious”. Peter Sergeant