NSW innovation to transform the nation's logistics sector
11 June 2015
A new 'Transport & Logistics Knowledge Hub' to be led by industry will use the power of collaboration and technology to discover solutions and help to drive additional jobs and productivity in the State.
Minister for Innovation and Better Regulation Victor Dominello launched NSW's new Knowledge Hub, known as the Transport & Logistics Living Lab, at National ICT Australia (NICTA) at the Australian Technology Park in Sydney today.
Industry leadership to drive innovation
The new Living Lab will provide a fresh platform for effective collaboration and innovation between industry, researchers and government. The role of the new lab as a Knowledge Hub, sharing information and collaborating on joint projects to drive productivity is vital to giving Australia a competitive edge in the global scene.
Led by NICTA and industry partners, the Transport and Logistics Living Lab will seek to better connect this large yet fragmented industry, which supports at least 500,000 jobs in the State, to allow improved innovation and growth.
The new Lab will build on the foundations laid by NICTA's Future Logistics Living Lab which has grown from 15 industry participants in 2011 to over 38 now, and which has seen more than 2000 visitors to its demonstration space at NICTA over that time.
Transport and logistics touches almost every industry so even modest efficiency gains in this area can have a substantial economic impact especially in mining, construction and manufacturing, the heaviest users of its services.
Opportunities and investment
The NSW Government is investing $1.7 million over two years in projects across five Knowledge Hubs - Digital Creative, Energy Innovation, Financial Services, Medical Technology and now Transport & Logistics. This builds on significant funding and in-kind contributions made by industry partners.
For example, funding has been provided to the Transport and Logistics Living Lab to explore how high-tech solutions could help exporters cut down on quarantine waiting times and get their goods into the market faster whilst still safe-guarding our reputation in delivering secured products.
This project aims to increase visibility and trust in supply chains for local exporters and their customers – particularly in regards to food security – and better inform the development of the Commonwealth's Trusted Trader Programme.
This has the potential to drive additional jobs and investment for the many NSW firms who earn income through exports. The Transport and Logistics Living Lab also plans to explore the use of technology in other projects to improve safety and efficiency in the industry.
About Knowledge Hubs
The Living Lab is one of five industry-led Knowledge Hubs being supported by NSW Trade & Investment to help businesses and researchers improve collaboration and knowledge-sharing. It is a key action under the NSW Economic Development Framework.
To find out more information about Knowledge Hubs, their goals and benefits or about other Hubs visit the Transport & Logistics Knowledge Hub page.
Pictured above: L-R Carolin Lenehan, NSW Trade & Investment, Rob Fitzpatrick, NICTA, Mike Grundy, CSIRO, Theo Triantafillides, StarTrack, Ian Murray AM, Australian Logistics Council, Graeme Harrison-Brown, Connexxions, Neil Temperley, NICTA, Liz Jakubowski, NICTA