Australian business titans Anthony Pratt and Andrew Liveris have named food manufacturing as a key to the nation's future in a post COVID-19 world.
Mr Pratt said manufacturing would be "turbocharged" if Australia: improved water infrastructure; accelerated depreciation for manufacturing investment; brought down power prices through an "all of the above" energy policy involving renewables, gas, coal, and nuclear; increased superannuation fund lending to corporate Australia for investment and jobs; and embraced free trade agreements.
Mr Pratt used wheat as an example. He said wheat sells for $100 a tonne. If it is turned into flour its sells for $500 a tonne and if it is made into bread it is worth $5,000 a tonne.