Everything moves at such a fast pace nowadays that, to compete in the world of business, you need to have something that will make you stand out among your competitors, and this could be as simple as your exportation of goods.
Executives in the UK industrial sector start 2019 facing a messy Brexit process. They have the difficult task of sustaining profitability while preparing contingency plans for potential supply chain disruption, inflation, further currency fluctuations and tariffs. However, in a challenging business environment, it’s all the more important to focus on an effective pricing strategy.
The world today is driven by data, creating a change in mindset and way of working that is taking its hold on manufacturing. Alex Love, MD of Customer Experience Consultancy Enigen, says early adopters of change are defining new industry standards, while laggards will experience an uphill battle to compete.
If your company recently adopted IoT solutions to improve the capability and functionality of its products, you’re likely already thinking ahead to the next steps: determining the value of these solutions and gauging their success.
A recent global study – After The Fall: Cost, Causes and Consequences of Unplanned Downtime* – showed the majority of companies have experienced at least one unplanned downtime outage over the past three years, costing an average $260,000 an hour across all businesses.