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. 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. Needless to say, the impact of these new technologies is changing the manufacturing sector altogether.
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. This article will give updates on the advancement that may happen this 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. 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. The other deal at risk is the Transatlantic Trade and Investment Partnership (TTIP), a deal with Europe. Although it is not dead in the water like the TTP, it too has stalled, and its future is uncertain. 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 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. 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.
Today, a CMMS system tracks, records, and stores maintenance data.