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. 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. 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.
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. Another trade which is at risk in the administration of Donald Trump is the Transatlantic Trade and Partnership or simply known as TTIP which is a deal with Europe. 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. Known as Brexit, this withdrawal has more than complicated trade between the UK and 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.
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. 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.
Maintenance data are now a part of the CMMS system.