Manufacturing technologies are evolving fast, but never as fast as they as will in 2017. 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. 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. You surely need to read this article in order to be updated on what is ahead of your 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.
One such deal is the Trans-Pacific Partnership (TTP), a trade deal between the US and 12 Pacific-Rim countries. Donald Trump is not eager with the TTP as a trade deal, thus, it is now 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. The future of the TTIP is still not sure and is still uncertain even though it is not yet dead. 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. 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.
Computerized Maintenance Management System or simply known as CMMS will also bring new change this 2017. In order to keep the manufacturing process moving, it is important that routine maintenance will be conducted by businesses. This could be anything from fixing a broken window to repairing manufacturing equipment. Regardless of the type of maintenance a company undertakes, maintenance increases efficiency, profits, and the lifespan of a production line.
The CMMS system now has a goal which is to store, track and record maintenance data.