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The importance of servitization in manufacturing

There are numerous benefits manufacturers can enjoy as a result of servitization, which can be achieved with the correct structures and processes in place.
As markets continually shift and competition continues to rise, the role of a manufacturer has changed drastically in the past few years. With a growing number of businesses stepping into the services field, manufacturing is clearly in the midst of an industry-wide servitization transformation.

How can manufacturers best protect their power supply?

Stock Power Supply - Downtime can come at a significant cost for manufacturers, with some statistics showing that just one unplanned event can cost in the region on £1.6m.
The uptake of digital technology, the government’s upcoming Industrial Strategy and strong export demand all add up to an expanding manufacturing sector here in the UK. However, this increase in demand will no doubt lead to added pressure on UK power supply, so it becomes more important than ever to have robust power infrastructure in place.

Raising profit margins using automated engineering

Almost half (44%) of respondents to the Annual Manufacturing Report 2017 stated that they expected production flexibility to improve because of investments in connectivity.
Most manufacturers see investments in factory connectivity not just as a means of cutting costs, but as a way to increase revenue. In fact, respondents to the Annual Manufacturing Report 2017 anticipate additional revenues of £775,000 over the next 12 months because of their investments in connectivity.