Must Watch Manufacturers In 2017
2017 is probably the year where manufacturing technologies will be at their fastest. 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. Needless to say, the impact of these new technologies is changing the manufacturing sector altogether.
You also have to keep in mind that global political climate matters too since they also impact the sector. 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. One of the example of change that happened is the presidency of Donald Trump. 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.
The Trans-Pacific Partnership or also known as TTP is also one of the trade deals wherein the administration of Donald Trump is not eager with. 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. The continental Europe and UK will surely have a hard time with regard to withdrawals since UK has already withdraw from the European Union. Another bad thing from this withdrawal is that, many European countries has also been affected by the withdrawal of UK from European Union. Based on experts, in order to normalize the relationship with each countries, companies need to negotiate with each other. In the meantime, small manufacturers must adapt to the new business environment, or go out of business.
Computerized Maintenance Management System or simply known as CMMS will also bring new change this 2017. It is important that businesses can conduct routine maintenance in order to keep the manufacturing process moving. This can be compared to fixing a broken window to repairing a manufactured tool. 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.
Maintenance data are now a part of the CMMS system.