Must Watch Manufacturers In 2017
2017 is probably the year where manufacturing technologies will be at their fastest. For one, manufacturers are rushing to include advances in technology, such as artificial intelligence and advanced analytics, in their manufacturing processes. Needless to say, the impact of these new technologies is changing the manufacturing sector altogether.
Also, the global political climate is also impacting 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 – 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.
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. 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. The future of the TTIP is still not sure and is still uncertain even though it is not yet dead. The withdrawal of UK to the European union has probably brought the biggest political change in Europe. 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. 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.
2017 will also bring a great change to the Computerized Maintenance Management System or simply known as CMMS. It is important that businesses can conduct routine maintenance in order to keep the manufacturing process moving. Repairing a manufactured tool and fixing a broken window can be comparable in this process. Regardless of the type of maintenance a company undertakes, maintenance increases efficiency, profits, and the lifespan of a production line.
Maintenance data are now a part of the CMMS system.