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.
One factor that also impacts the sector is the global political climate. 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. In the US, for instance, Donald Trump was sworn in as president in January 2017. It has also been known that the administration of Donald Trump is not eager to know some of the trade deals that happened in the past administration.
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. 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 it is not dead in the water like the TTP, it too has stalled, and its future is uncertain. In Europe, on the other hand, the biggest political change has been the withdrawal of the UK from 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. This explains why small business manufacturers need to adapt new business environment so that there will be a good relationship with each other.
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 can be compared to fixing a broken window to repairing a manufactured tool. 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.
Today, a CMMS system tracks, records, and stores maintenance data.
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