There’s nothing like the New Year to make you review and evaluate your manufacturing business. So, how will you do things differently in 2018?
We asked some industry experts what they believe to be the number-one New Year’s resolution every manufacturer should make. And while they had different ideas, there’s one thing upon which they all agreed:
If you want to compete in 2018, you can’t afford to stand still.
Read on for the New Year’s resolutions every manufacturer should make (and plan to keep!) in 2018:
“Understand the different needs of your customers, invest in your workforce, embrace experimentation and ‘failing fast’ into company culture and secure a new international customer. These issues are all interlinked.” – Chris Henderson, Industry Fellow, UQ Business School
“We’ve been hearing about big data for what seems like a decade and manufacturers, with differing degrees of enthusiasm and success, have sought to lever their data. In 2018 and beyond, this data is the fuel of our artificial intelligence business systems. The returns on data – legacy and real time – will be dramatically enhanced using AI and it’ll start to deliver on the decade of hype. Manufacturers who make 2018 the year to experiment with AI will be well positioned.” – Brett Wiskar, R&D and Innovation Director, Wiley (Follow Brett)
“The internet has made it possible for any company to compete globally. Big changes are happening across the globe with new business models, robotic automation, big data intelligence. Australian manufacturers should seize this opportunity and resolve to explore emerging technologies to make their businesses globally competitive and business models future proof.” – Mark Dingley, Managing Director – Matthews Australasia, Chairman – APPMA (Follow Mark)
“Manufacturers should look at the rapid transition in the digital world. They need to ask themselves: what does the new digital world mean to their business model? What do they need to do to stay relevant – particularly in the eyes of their customers? What do they need to do to stay competitive?” – David Chutar, Managing Director and CEO, Innovative Manufacturing CRC Limited (Follow David)
“The number-one New Year’s resolution for manufacturers should be to innovate and improve efficiencies, both in time and waste. We currently recycle 90% of the waste generated at CMTP, which means that waste isn’t going into local landfills. This is something we are super proud of and we hope to keep pushing that number above 90% in 2018.” – Travis Meade, General Manager, CMTP
Is your resolution on the list? What are your manufacturing goals for 2018?
Interestingly, taking a glance back into history, our New Year’s resolutions every manufacturer should make for 2014 had a similar theme: don’t sit still. It’s evergreen advice in a highly competitive market.
Looking for highly informative case studies, whitepapers and infographics for manufacturing? Or videos showing solutions in action and lots of detailed of brochures? Find all that and more in Matthews’ large resource library. It also has presentations we’ve done to industry bodies and articles from our thought leaders. Plus, it’s all free to download!
Image credit: iStock / marrio31