How Well Do Manufacturers Perform This 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.
One factor that also impacts the sector is the global political climate. One of the recent changes that has happened is the change in administration in the US and European politics. This article will give updates on the advancement that may happen this 2017.
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. 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 such deal is the Trans-Pacific Partnership (TTP), a trade deal between the US and 12 Pacific-Rim countries. Thanks to the Trump Administration, the TTP is as 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 the TTIP is not yet dead like the TTP, its future is still not sure. However, the biggest political change that has happened to Europe is the withdrawal of UK to 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. Based on experts, in order to normalize the relationship with each countries, companies need to negotiate with each other. 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. This could be anything from fixing a broken window to repairing manufacturing equipment. 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.