Industry Overview
Industries in Port Stephens are characterised by a level of innovation and a “can do” attitude that is fuelling sustained economic growth and a secure future for the entire Region.
Due to its position in a broader regional economy, Port Stephens has a unique combination of industries with four key industry sectors:
- Defence & Aviation
- Manufacturing & Logistics
- Retail & Services
- Tourism
All sectors of industry are becoming more skill intensive and knowledge based. Communications technologies have also driven change and created new opportunities. The development of high speed broadband has enabled service industries to operate outside of capital city locations and has encouraged the development of home based employment and telecommuting. All of these factors favour locations like Port Stephens. A focus on energy efficiency and transport efficiency is creating highly efficient intermodal logistics networks to distribute products to markets by road, rail and air. The tourism market is changing as people seek new experiences and short breaks rather than extended holidays.
Employment ratios are changing in service industries, as new retail formats are emerging and new businesses are developing to meet service needs. Hours of work are changing, with a number of people in service industries opting for part-time employment or a portfolio of jobs.
Lifestyle factors (including employment structures and work-life balance) are becoming important as businesses seek to attract and retain talent. In this environment of change, Port Stephens has a number of assets including a quality environment, lifestyle options, affordable housing, key infrastructure and jobs in a growing economy. Over the last 10 years, the area has moved to become a lifestyle location, service centre and value added manufacturing and defence technology hub.