We can help with Industrial Marking and Identification Systems information!
Top Manufacturing Pain Points in 2023 Part 2. Do you struggle with downtime related to Packaging Verification Systems equipment and processes? We will share information and success stories about how you can use Industrial Marking and Identification Systems to focus your energy and efforts on the efficiency of the business. We have insights from industry experts and our partners on the various equipment and technologies available to simplify your challenges.
Solutions and options covered will include:
- Primary package markings
- Secondary package markings
- Primary Barcode Identification
- Secondary Barcode Identification
- Turnkey Solutions for offline printing
- Printer replacements
- Multiple different material marking
Top Manufacturing Pain Points in 2023 Part 2
Thank you IndustryNet for this great information!
6. You Against the World
In manufacturing, you increasingly face the challenges of globalization. While the U.S. was once on top of the manufacturing sector, its output has fallen from 29% to 18% since the 1980s. China moved in to fill the gap, but it is not alone. The Internet made searching the globe for desired merchandise a matter of keystrokes on a computer or taps on a phone. More and more countries are selling equipment at lower prices than U.S. manufacturers can offer.
This is the time to concentrate your pitch on your company’s ability to monitor and guarantee the quality of its goods. While anything can happen in an overseas factory, your inspectors will be on top of the fabrication at every production stage. Many U.S. companies still want to buy American-made goods if they can afford them. Do your best to come up with a way that they can.
7. Backlog of Orders
The backlog for manufactured goods continued to rise in the latter half of 2022 as manufacturers struggled to keep up with a high-demand environment coupled with labor shortages and supply chain disruptions. Nationally, the backlog for manufactured goods now stands at $1.1 trillion.
It’s always better to have extra work rather than no work. As high as it is, the current backlog might overwhelm smaller manufacturers. Without a change to their business model, they may not be able to keep pace with the demand for their goods.
8. Regulations
One of the most exhausting manufacturing pain points is regulations. Manufacturers face strict regulations about plant operations, and most of them (a shocking 297,696 restrictions) come from the federal government.
Some of the regulations protect the safety of our nation’s food and drug supply. Others, such as the Buy American Act, boost America’s economy by relying on U.S. manufacturers as much as possible.
However, many regulations simply make it more difficult for manufacturers to operate efficiently. The National Association of Manufacturers estimates that federal regulations alone cost manufacturers $19,564 per employee every year.
It’s important that manufacturers stay in compliance with any regulations that govern their business in order to save where possible. Turn their attention to compliance solutions and encourage them to conduct audits to resolve any potential non-compliance issues in the future.
9. Sustainability
As consumers grow more aware of their own carbon footprints, they expect a small carbon footprint from the products they buy. Manufacturing is one of the largest causes of environmental pollution. From toxic emissions to dangerous chemicals, manufacturing can be a hazard to the community.
While changing to a more sustainable business model may not be cheap, manufacturers should know that 76% of millennials surveyed are very concerned about environmental issues. They are also happy to pay higher prices for products from sustainable manufacturing plants.
Switching your manufacturing clients to wind or solar may not be feasible or practical. However, as their partner, you could give them some tips and small steps toward a more sustainable model.
10. Cyberattacks
Industries have been experiencing more attacks through operational technology (OT) and the Internet of Things (IoT). While manufacturing relies on these networks to automate production, businesses often have few safeguards in place to protect them from sabotage. Investigate the effectiveness of your company’s cybersecurity before a hacker leaves you holding an empty bag.
Click here for part 1!
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