If the average citizen wants to take the pulse of the economy and see how things are going, manufacturing could be considered the heartbeat of the nation. In fact, there is not another industry so closely monitored and reported on, except, perhaps, the stock market, which creates a similar kind of ride – up one minute, down the next. What should we believe? Despite the political turmoil and conflicting reports, all economic measures indicate that manufacturing is alive and well – and taking off!
Most headlines agree that manufacturing is expanding at a moderate to fast pace, and depending on the subsector, at a pace that exceeds several years’ worth of growth, with no signs of slowing. This is partly because of industry optimism, but also related to the measure of export orders, which has climbed to the highest level since November 2013. Electrical equipment and appliances saw the biggest gains, but numbers were up across all subsectors of manufacturing.
Manufacturing trends are important, because they offer key indicators for industry leaders as to whether it’s time to invest in technology or upgrade critical equipment. When times are tight, it is difficult to justify spending a lot of money to replace equipment or hire new workers. Fortunately, upgrading key pieces of equipment doesn’t necessarily have to compete with budget dollars for energy efficiency, safety upgrades or other concerns. In fact, finding the right piece of equipment can be as simple as upgrading a part of the process – and saving thousands of dollars.
For example, a Komax static mixer is not only easier to clean (having no moving parts) but is also far more efficient than traditional, older mixers. The energy savings to the manufacturer in recouped energy costs and formerly lost raw materials can run at least as high as 25% — often much, much more. Find out how a partnership with Komax can cause your manufacturing position to zoom!