5 Takeaways That I Learned About Companies

How Well Do Manufacturers Perform This 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. The impact of these new technologies surely did a great impact to 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. 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. Thanks to the Trump Administration, the TTP is as good as dead. 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. 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. 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 the meantime, small manufacturers must adapt to the new business environment, or go out of business.

The CMMS can also be called as the Computerized Maintenance Management System will surely have a great makeover in the year 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. 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.

The CMMS system now has a goal which is to store, track and record maintenance data.