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Productivity Report - modernize or continue to fall behind

Work smarter, not harder. That’s the message from the Productivity Commission’s latest productivity report. To be fair this is a familiar refrain with the following implication: failure to introduce more technology to the workplace is hurting New Zealand’s capacity to produce more with the same level of inputs. Instead, we are throwing more inputs at the problem, typically labour, hoping this will sustain growth. Unsurprisingly we are not seeing results with costs outstripping production gains leading to higher prices. To negate inflation, lower costs, increase margins and people’s income we need to produce and distribute more for the same or fewer inputs. This is how technology makes the difference. In the report you’ll see other countries achieving a fuller growth multiplier that comes from the higher incidence of technology and capital available to a worker. Korber Supply Chain technologies can help with this. Read on to find out more.