Manufacturing 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. Indeed, one of the reasons why the manufacturing sector changes is the impact of these new technologies.
Also, the global political climate is also impacting 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. Donald Trump being the president in the year 2017 could also bring a lot of change. Donald Trump had also issued a statement that he is not eager on some of the trade meals 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. The TTP is now good as dead because of the administration of Donald Trump. The other deal at risk is the Transatlantic Trade and Investment Partnership (TTIP), a deal with Europe. The future of the TTIP is still not sure and is still uncertain even though it is not yet dead. However, the biggest political change that has happened to Europe is the withdrawal of UK to the European union. Known as Brexit, this withdrawal has more than complicated trade between the UK and continental Europe. 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.
2017 will also bring a great change to the Computerized Maintenance Management System or simply known as CMMS. To keep the manufacturing process moving, businesses must conduct routine maintenance. 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.
Maintenance data are now a part of the CMMS system.