Must Watch Manufacturers In 2017
It is very inevitable that as time goes by, manufacturing technologies evolves quickly and it seems like they are going to be at their fastest this 2017. One of the reasons why manufacturing technologies becomes continuously fast is because they want to include in their manufacturing processes the artificial intelligence and advanced analytics that would surely include advances in technology. Indeed, one of the reasons why the manufacturing sector changes is the impact of these new technologies.
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. For a deeper look into these and more manufacturing trends to watch out for in 2017, read on.
The international trade surely had a freedom after the recent political changes in both the US and Europe which are all part of the Trade tensions. 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.
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. Known as Brexit, this withdrawal has more than complicated trade between the UK and continental Europe. Another bad thing from this withdrawal is that, many European countries has also been affected by the withdrawal of UK from European Union. The negotiation of companies with other companies is also very important so that relationship with each other will become normal. In the meantime, small manufacturers must adapt to the new business environment, or go out of business.
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. Repairing a manufactured tool and fixing a broken window can be comparable in this process. It is important that maintenance increases efficiency, profits and the lifespan of a production line even though the company undertakes a specific kind of maintenance.
The CMMS system now has a goal which is to store, track and record maintenance data.
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