On Businesses: My Rationale Explained
Manufacturing in 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. 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. The US and European politics surely is a part of the recent changes that needs to be noted. For a deeper look into these and more manufacturing trends to watch out for in 2017, read on.
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. In the US, for instance, Donald Trump was sworn in as president in January 2017. 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. A deal with Europe which is the Transatlantic Trade and Investment Partnership is also at risk in the administration of Donald Trump. Although it is not dead in the water like the TTP, it too has stalled, and its future is uncertain. 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. The withdrawal of U from European Union has also affected the relationship between several European countries. 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. Repairing a manufactured tool and fixing a broken window can be comparable in this process. 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.
The CMMS system now has a goal which is to store, track and record maintenance data.