Although a long established and mature market sector, Manufacturing has seen big changes over the past few years and faces several new, but exciting, challenges.
To help leverage available opportunities within manufacturing, your first step will be to obtain honest and detailed insight. Initially, this will require a firm grasp of your current standing, before you can formulate a plan to outperform the manufacturing market tomorrow.
Being more productive continues to be one of the manufacturing industry’s most significant challenges.
Given productivity rise and falls within this sector, it would suggest a more sector-wide solution is required. However, there are always internal enhancements each business can make to help address this important challenge.
Staying ‘ahead of the crowd’ and competitive has been another long-term challenge. However, success is not limited to getting lots of products out of the door. Today it’s more about how businesses utilise talent, technology and develop ever more connected and advanced products, which today’s consumers demand.
In today’s climate, manufacturing is at the mercy of businesses willing to develop and innovate. However, this is reliant on both R&D spend, and the skills/talent of employees. Therefore, manufacturers need to establish ways of attracting and maintaining a skilled workforce, to help achieve their business goals and aspirations.
UK manufacturing is positioned to see several new opportunities in the coming years. These include higher demand for UK exports to emerging worldwide markets, alongside the growth of high-tech and higher value products. Combined with an increase in personal wealth and an ageing population, closer to home.
Lastly and most importantly, the future of the Manufacturing sector, will largely be driven by technology. This will provide a vital means of getting closer to consumers. Some of these technologies, which can revolutionise the manufacturing world (e.g. additive manufacturing, Cobots, Internet of Things, Automation, Industry 4.0) are either already established or are showing signs of emerging.
We’re well positioned to help businesses looking to build and develop within the manufacturing sector. With a long-established background within this market sector, alongside automotive, aerospace and construction, we have a wealth of knowledge and experience for you to leverage.
Whether you’re looking to establish more precise or automated processes and workflows, to help with productivity. Or you are looking to stay competitive, through greater adoption of technologies, which in turn helps to maintain a high class, skilled workforce. We’re here to help you every step of the way.
Take a look at how we helped Hill and Smith.
“Majenta Solutions really helped us to make the transition to 3D by providing specific training for all aspects of the software, particularly how to build parts and assemblies and how to organise all our data into Vault”.
Martin Peach, Head of Design.
Technology and automation are some of the biggest challenges facing manufacturing today, and the future we are moving rapidly towards. Businesses who embrace both current and emerging technologies, develop high-tech and higher value products. This, in turn, helps manufacturers to attract, create and retain skilled workers and grassroots talent.
Technology can also allow you to get closer to consumers through increased personalisation of low-cost products on-demand. With technologies such as additive manufacturing, advanced materials, machine learning, computer-controlled tools and biotechnology, personalisation will be available on a mass-scale. Allowing consumers direct input into designs, you will not only be able to create a competitive advantage and offer added value, you can share this new value with your consumers.
We’ve already helped businesses move along a digital readiness journey to embrace these challenges, with a knowledgeable and clear approach. We’d love to help you too.