Must Watch Manufacturers In 2017
Manufacturing technologies are evolving fast, but never as fast as they as will in 2017. Manufacturers has always been wanting to include advancement in technology in their manufacturing process, these advancements include advanced analytics and artificial intelligence which are involved in their manufacturing processes. Needless to say, the impact of these new technologies is changing the manufacturing sector altogether.
Also, the global political climate is also impacting the sector. One of the recent changes that has happened is the change in administration in the US and European politics. You surely need to read this article in order to be updated on what is ahead of your 2017.
Trade tensions is one of the things that will be undergoing some advancement this 2017 since the recent political changes in both the US and Europe has surely put a freedom to the international trade. One of the example of change that happened is the presidency of Donald Trump. And based on the statements issued by his administration, he is not at all keen on some of the trade deals made by past administrations.
One of the deals wherein Donald Trump is not eager with is the Trans-Pacific Partnership which is a trade between the US and 12 Pacific-Rim countries. The TTP is now good as dead because of the administration of Donald Trump. Another trade which is at risk in the administration of Donald Trump is the Transatlantic Trade and Partnership or simply known as TTIP which is a deal with Europe. Although the TTIP is not yet dead like the TTP, its future is still not sure. However, the biggest political change that has happened to Europe is the withdrawal of UK to the European union. The continental Europe and UK will surely have a hard time with regard to withdrawals since UK has already withdraw from the European Union. Even worse, Brexit has affected trade relations between many European companies. In fact, experts believe that companies will need to negotiate with each other for up to a decade to normalize relations. In order for companies and businesses to have a good relationship with each other, it is important that these small manufacturers will adapt new business environment.
Computerized Maintenance Management System or simply known as CMMS will also bring new change this 2017. To keep the manufacturing process moving, businesses must conduct routine maintenance. This could be anything from fixing a broken window to repairing manufacturing equipment. Sometimes, the maintenance that a company can offer is not enough, thus, it is really important that the maintenance increases its efficiency, profits and the production line’s lifespan.
Maintenance data are now a part of the CMMS system.