With the turn of the new year, predictions for the year ahead are a handy way to try and optimise for any changes which could impact your business.
In 2017 the manufacturing industry was affected in many ways. Brexit impacted the global manufacturing market, with companies seeking new markets and new products.
We saw an increase in reliable robotics, AI, and other technological advances.
This leads us to the question of what is in store for 2018.
In the ever-changing, fast-paced market that is manufacturing, here at European Springs Ireland we like to keep up to date with any new exciting methods within the industry so that we can pass these efficient changes on to our customers.
Here are our predictions for the year ahead.
- New Technologies
The technological world is constantly developing, with companies racing to create the newest technology the fastest, every day.
Predictions include a greater reliance on robotics, as the manufacturing industry moves to implement the growing technology in the production line.
This will impact productivity, as well as streamline a whole host of processes that certain companies struggle with on a day to day basis.
In addition to this, other innovative technologies, such as 3D printing, will become more prominent in mass scale production. Certainly, something to look forward too.
- Expanding Workforce
Another new year, another release of graduates into the manufacturing market.
The volume of new, creative thinkers encourages change and motivates existing workforces, and as new ideas are brought to the table, there is the potential of manufacturing methods evolving and improving.
- Continuation of Healthy Business Prospects
2017 was a very good year for business. According to a Bloomberg report, 2017 was the best year for manufacturing since 2004.
This invites a continuation of development throughout the industry, and hopefully indicates a maintaining of this development or even a further surge in business.
- New Business Opportunities
Similar to the idea of a new expanding workforce each year, with the prospect of a new year, we can look forward to a potential abundant year full of new business opportunities.
With companies in Britain, in particular, looking to focus on manufacturing from within the country to cut costs, the possibility of new business opportunities are thriving.
- Improving Economic Relationships
As the fear of Brexit subsides, companies are beginning to recognise and focus on the positive changes that the new government initiative sets to implement.
Greater negotiations, communications and relationships between businesses, across continents, are set to encourage business trends, especially in the manufacturing world.
2018 looks to be an incredibly exciting time for the world of manufacturing.
By opting to supply your company’s springs and pressings from European Springs Ireland, you can rest assured that our expert team are constantly hard at work, searching for the next advances and concepts within the manufacturing industry that we can pass on directly to you.
Contact us today to see what we can do for your business.