How Well Do Manufacturers Perform This 2017?
Manufacturing technologies are evolving fast, but never as fast as they as will in 2017. For one, manufacturers are rushing to include advances in technology, such as artificial intelligence and advanced analytics, in their manufacturing processes. Needless to say, the impact of these new technologies is changing the manufacturing sector altogether.
You also have to keep in mind that global political climate matters too since they also impact the sector. Of note are the recent changes in administration in the US and European politics, especially the Brexit vote. You surely need to read this article in order to be updated on what is ahead of your 2017.
Trade Tensions – Recent political changes in both the US and Europe have put the freedom of international trade in question. One of the example of change that happened is the presidency of Donald Trump. Donald Trump had also issued a statement that he is not eager on some of the trade meals that happened in the past administration.
The Trans-Pacific Partnership or also known as TTP is also one of the trade deals wherein the administration of Donald Trump is not eager with. Donald Trump is not eager with the TTP as a trade deal, thus, it is now good as dead. The other deal at risk is the Transatlantic Trade and Investment Partnership (TTIP), a deal with Europe. Although the TTIP is not yet dead like the TTP, its future is still not sure. The withdrawal of UK to the European union has probably brought the biggest political change in Europe. The withdrawal of UK from the European Union has surely made withdrawals complicated especially between UK and the continental Europe. Even worse, Brexit has affected trade relations between many European companies. The negotiation of companies with other companies is also very important so that relationship with each other will become normal. 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.
The CMMS can also be called as the Computerized Maintenance Management System will surely have a great makeover in the year 2017. In order to keep the manufacturing process moving, it is important that routine maintenance will be conducted by businesses. This could be anything from fixing a broken window to repairing manufacturing equipment. Regardless of the type of maintenance a company undertakes, maintenance increases efficiency, profits, and the lifespan of a production line.
The CMMS system now has a goal which is to store, track and record maintenance data.