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5 Lessons Learned: Companies

Must Watch Manufacturers In 2017

Manufacturing technologies are evolving fast, but never as fast as they as will in 2017. One of the reasons why manufacturing technologies becomes continuously fast is because they want to include in their manufacturing processes the artificial intelligence and advanced analytics that would surely include advances in technology. The impact of these new technologies surely did a great impact to these new technologies.

Also, the global political climate is also impacting 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. And based on the statements issued by his administration, he is not at all keen on some of the trade deals made by past administrations.

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. 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. In Europe, on the other hand, the biggest political change has been the withdrawal of the UK from 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. The negotiation of companies with other companies is also very important so that relationship with each other will become normal. 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. 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. 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.

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