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. 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. One of the recent changes that has happened is the change in administration in the US and European politics. You surely need to read this article in order to be updated on what is ahead of your 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. In the US, for instance, Donald Trump was sworn in as president in January 2017. 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 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. 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. The withdrawal of UK to the European union has probably brought the biggest political change in Europe. The withdrawal of UK from the European Union has surely made withdrawals complicated especially between UK and the continental Europe. Even worse, Brexit has affected trade relations between many European companies. 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.
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. 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.