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. 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. This article will give updates on the advancement that may happen this 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. 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. 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. Although the TTIP is not yet dead like the TTP, its future is still not sure. 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. 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. 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. 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. 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.