In a speech last week at a luncheon attended by our Prime Minister Malcolm Turnbull, Nigel McBride, CEO of Business SA, stated the following; “As we all know, South Australia is in the middle of a substantial economic transformation – a transformation that presents a range of challenges, a seismic economic shift that is occurring at an unprecedented pace, and that is driven by both digital disruption and significant changes to global markets…these very challenges, these global pathways, economic changes, and technologies, also provide us with extraordinary opportunities.” Indeed, the South Australian economy is changing, however ‘transformation’ implies complete obsolescence and renewal, which is incorrect. Many of our industries have been with us for the long term and continue to grow such as agriculture, tourism, education, aged care and the ever-growing technology sector.
Opportunities definitely exist for those who are prepared to obtain the necessary qualifications and work experience in these areas. Additionally, reasonably new business sectors of renewable energy, waste reduction and advanced manufacturing are being supported by both State and Federal governments to encourage their growth. South Australia does offer opportunities, if you are prepared to undergo the necessary training and development, despite the current economic outlook. This will improve, and those who start now will benefit most when it does.