How Well Do Manufacturers Perform This 2017?
Manufacturing technologies are evolving fast, but never as fast as they as will in 2017. 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.
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.
Trade tensions is one of the things that will be undergoing some advancement this 2017 since the recent political changes in both the US and Europe has surely put a freedom to the international trade. In the US, for instance, Donald Trump was sworn in as president in January 2017. Donald Trump had also issued a statement that he is not eager on some of the trade meals 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. The TTP is now good as dead because of the administration of Donald Trump. 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. In Europe, on the other hand, the biggest political change has been the withdrawal of the UK from the European Union. 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. 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.
The CMMS can also be called as the Computerized Maintenance Management System will surely have a great makeover in the year 2017. To keep the manufacturing process moving, businesses must conduct routine maintenance. 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.
The CMMS system now has a goal which is to store, track and record maintenance data.
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