Industries grow and shrink. From my observations when one is in decline, another is growing. You might for example loose a major steel making industry in a locality, but then have a growth in the tourism industry.
Perhaps there is scope for Australian manufacturers to not rely on the big retailers now. They could easily market products directly. Cutting out the middle man would lower their retail price and perhaps make them more competitive. The large retailers killed off the manufacturing industry, now they have dropped the ball they could be opening the door for a rebirth of it.
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Cheers
Col
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