The manufacturing sector has had a promising start to 2017 and efficiency has never been more critical. We’ve outlined the top 5 ways to help boost your manufacturing efficiency and to enable your business to thrive.
Cost-effectiveness of sustainability
Businesses need to adopt a long-term sustainability strategy if they are aiming to become a more sustainable and greener manufacturer. Ensure that you are collecting data on your operations and continually monitor your energy consumption. With this information, implement a strategy to reduce energy wastage and reap the efficiency rewards. Moving to renewable energy will enable you to achieve a higher level of sustainability and will help you to meet social responsibility policies.
Embrace automation technology
With advanced automation technology, ‘cobotics’- automated systems working alongside human employees- have become extremely important in the industry. As the industry becomes ever more dependent on digital technology systems, it’s important that businesses use these to their advantage. Developing an automation strategy is fundamental to succeeding and protecting your operations for the coming years whilst it aids your manufacturing efficiency.
‘The Industrial Internet of Things’
Our world is becoming increasingly connected and it’s crucial for manufacturers to use ‘Internet of Things’ technologies to work on complex supply chains and to operate on a global scale. From an efficiency perspective, the ‘Industrial Internet of Thing’s helps manufacturers manage their physical production line and helps to keep things moving. Greater levels of connectivity are benefitting manufacturers in a number of ways including improved levels of efficiency, reduced waste, increased product quality and increased profits.
Implement effective cyber security measures
Research shows that manufacturing is the second highest cyber attacked industry. As a business, cyber security should be at the forefront of your priorities as it protects you, which consequently improves your efficiency. Cyber security measures allow your business to focus on the work and manufacturing rather than have to deal with the growing number of cyber attacks.
Adopt predictive analytics
Manufacturing is no stranger to Big Data and its analytics capabilities but trends suggest a move towards predictive analytics. Predictive analytics, through a series of smart sensors integrated throughout the production process, will provide businesses with meaningful insights and a significant opportunity to allow potential problems to be identified and corrected before they occur. Adopting predictive analytics will not only provide increased levels of efficiency, but also improved margins and the opportunity to push your business forward.Continue reading
2016 was a good year for the manufacturing sector in the UK, with the industrial renaissance pushing us into the top 10 in global rankings of the world. Starting in 2017, the manufacturing industry is now in a strong position for the new year.
Last month, the activity in the UK manufacturing sector hit a two and a half year high. The Markit/CIPS purchasing managers’ index (PMI) in manufacturing rose to 56.1 in December from 53.6 in November. In the PMI, figures over 50 strongly indicate expansion. Although there were many concerns following Brexit and the value of the pound dropping, the manufacturing sector has benefitted. The weaker pound boosted orders from overseas, and with these exports, Rob Dobson, a senior economist at IHS Markit has described the sector to start 2017 on a ‘strong footing’.
It is not only global exports which are supporting the manufacturing sector, although the growth is largely down to them. There are also stronger inflows of new work coming from domestic clients to boost competitiveness and encourage growth.
The growth of the sector, however, has also been met by price pressures. The weakness of the pound following the Brexit vote increased the price of imported goods, therefore leading to higher costs for manufacturers. According to the PMI survey, this led to inflation for input costs and output charges to remain as ‘among the fastest seen during the survey history’. James Knightly, an ING senior economists warns that the manufacturing boost many make the UK more competitive on the international stage but that there will be a negative impact from this for consumers.
The manufacturing sector should be very proud of its achievements for 2016, and the future predictions for 2017 seem very positive. The industry’s strong finish to 2016 continues to race forward demonstrated by the FTSE 100 reaching a record high of 7,205.21 on the first official trading day of the new year. Vogal Projects has many exciting prospects ahead for 2017, as we grow with the manufacturing industry’s success.
The PPMA is the UK’s trade association for suppliers of processing and packaging machinery to the UK market and represents over 480 members and associate companies. The primary reason for the PPMA is to promote sales of machinery. This was of mutual benefit to both members of PPMA and its customers with free technical and machinery information and advice.
Vogal was very honoured to have the opportunity to visit the PPMA Total Show held at the NEC arena in Birmingham. Steven Woods and Paul Hadman represented Vogal Projects up in Birmingham. The PPMA show gave us at Vogal a chance to engage face-to-face with some of the UK’s processing and packaging industry.
As a project management company, we were able to maintain the appreciation within our suppliers as well as maintaining our understanding of advancements made within technologies. Many exhibitors took great detail in interesting talks concerning their equipment. The majority of speakers were primarily based in the areas of filling, bagging, materials handling, packaging and end of line equipment with an array of available equipment that they were able to display to suit various applications amongst many industries.
Vogal would like to say a big thank you to the PPMA for the great time we had meeting clients and progressing with current and potential projects.Continue reading
It’s time to celebrate Britain’s industrial renaissance! Consistently, the British manufacturing sector has grown over the years, and we have reached our place in the top 10 of global rankings. Our annual output is currently $257 billion, ranking us ninth in the world.
Why has this happened?
Primarily, it’s the perspective that manufacturing companies have towards employment and earnings. The manufacturing sector should be extremely proud of this, considering that UK manufacturers have exceeded all other countries, except the US, for job creation since 2010. Additional to this, is the average earnings data. Within the manufacturing sector, the average earnings have risen by 3%. This statistic is double the rate of the overall economy.
Many more graduates and young people are seeking out careers in manufacturing with the lucrative aspect also highly appealing. Manufacturing offers incredibly high value and highly paid jobs. Average earnings for this sector are approximately £31,489 p/a whereas the whole economy is currently circulating around £27,607.
With all of this thriving statistics, the manufacturer sector is definitely growing as it modernises and the economy is becoming dependent on manufacturing and its importance. However, with this power comes responsibility as Charles Garfit, the head of manufacturing at Santander Corporate & Commercial, states ‘manufacturing businesses in the UK must look at the opportunities beyond our own borders to extend their growth potential.’
Positivity in Food Manufacturing
With terms such as ‘Brexit’ flying around inciting fear into all, it’s always positive to hear that manufacturing sales are soaring. Furthermore, the food manufacturing sub-sector within is doing particularly well. Lloyds Bank’s third annual study reveals that food and drink firms plan to enter new UK markets and develop new products. As a whole, the current forecast is a 19% growth in the next five years which is an increase of 3% from 2015. This further fuels the trend of increasing interest in manufacturing sectors from investors and jobseekers alike. Over a third of food and drink firms say that their job creation plans had increased since the EU referendum.
As these statistics show, it’s not all doom and gloom. The manufacturing sector seeks to progress with new ventures, new ideas and new technology and with ever-growing interest it looks to be an exciting adventure to the future.