Categories
Information and Communication Technology (ICT)

Growth Opportunities in Manufacturing (And the Risk to Beware)

The manufacturing industry in the US lost 740,000 jobs during the COVID pandemic. Similar problems faced manufacturers all over the world. The virus also disrupted supply chains in many countries, and 2020 overall was not the perfect year for the industry. However, industry experts stay positive and seek opportunities within the realm of manufacturing software development. The emerging technology is expected to enhance current operations in all aspects of the industry hence providing a wide range of investment opportunities for businesses of all sizes. Now, let’s explore some of the top growth opportunities for manufacturing in 2020-2021.

Top growth opportunities for manufacturing in 2020-2021

Top growth opportunities for manufacturing in 2020-2021
Manufacturing industry has had its share of the ongoing pandemic. The coronavirus effect has touched all spheres of manufacturing industry from production to distribution etc., and that has opened the door for other sectors to thrive i.e. manufacturing software development sector. Here are the top growth opportunities for manufacturing in 2020-2021.

1. Green initiatives through manufacturing technology

The speed of manufacturing industry development has already been named the 4th industrial revolution. Such rapid development heavily impacts the planet; this is why more and more companies turn into Social Supers who truly believe in the possibility of staying profitable while also improving the world around them. Companies are willing and ready to update their existing processes for the greater good of the whole planet, and the fact that no earning gets lost in the process only urges most businesses to join the caste.

Most often, the update of the existing practices through manufacturing production software is what turns the harmful impact into a profitable and positive process. 64% of manufacturers in the US are willing to turn to renewable energy in the upcoming five years, and more than a third of the market believes that the use of special manufacturing software in Australia can easily diversify their dependency on traditional energy sources and also reduce costs. Considering that consumers all over the world prefer sustainable brands, manufacturers who turn to green initiatives can earn a great profit by showcasing their green processes to the world and making a point about this.

Green initiatives through manufacturing technology
Green initiatives through manufacturing technology will further enhance the entire output and reduce production time. The only challenge will be the cost of upgrading the tech such as manufacturing software development, hardware replacements and upgrades.

The risks: The main risk comes from the need for process change and the costs involved. A manufacturing company needs to always carefully weigh the benefits and calculate the cost of such a transition. Modern manufacturing technology can help with a smoother change, so instead of diving into sustainability right away, it is worth considering the help from a manufacturing software development team first.

2. Supply chain digitalization

44% of manufacturers report that their current supply chain is too complex and inefficient. Here are its most common growth barriers:

  • High transportation costs of assets
  • Underused assets
  • High rework costs
  • Low risks reaction
  • Unexpected issues with vendors

These and many other problems cast a shadow on all manufacturing processes and so customer service. As a result, in the era of global digitalization, many companies within the manufacturing industry turn to the manufacturing software development teams for help. Among the top software, orders are AI-based initiatives, robotics, deep data analysis, and, of course, 3D printing solutions. The latest example can help with adaptation to the rapid and urgent market demands; automotive manufacturing company software can set up autonomous forklifts and warehouse machinery for faster operations; robots have long been working besides humans on production lines for the enhanced production process.

The top priority in terms of digitalization for supply chains is, undoubtedly, the kind of automotive manufacturing companies software used for data collection and analysis. Data that comes from sensors, timing of deliveries, shifts efficiency, and many other indices gets collected by the software, then is analyzed with advanced AI. As a result, the manufacturing business receives a valuable analysis of the real-time data that allows managers and operators to optimize the processes even better. Such information also helps with forecasting and risk management as well as inventory management also performed by manufacturing technology solutions.

Supply chain digitalization through drone and other manufacturing software development powered solutions
You can setup a supply chain digitalization system using drone technology and other manufacturing software development enhanced solutions to aid your service delivery come new year.

The risks: Poor timing for supply chain digitalization is what causes the greatest problems for companies. Make sure to carefully think of the low season for your business to gradually begin implementing such a massive change. Otherwise, the shock from all the data, new processes, and high-tech solutions might literally paralyze the company. 

3. Customer needs anticipation

Investment in customer satisfaction and overall relationship with the end-users of a manufacturing product is a priority for 62% of manufacturers. Since personalized experience and customized offers are among the top concerns for end customers, the ability to predict what the market would be like instantly becomes the main goal for any manufacturing business.

Let’s take the automotive industry as an example here. Since cities get overcrowded today, many global capitals restrict their city centers to residents only and minimize the options of public parking. In this respect, manufacturers invent smaller and smaller cars that could satisfy the basic need for transportation while also posing no problems for their users in big cities and complying with the environmental restrictions around the world. These are automotive manufacturing companies whose software is based on AI and big data analysis that win the race here. Only companies that predict the new environmental restrictions or country policies can win the market and prepare for their demand ahead of time.

The risks: It is simple here – a prediction that fails to happen. The anticipation of the market change is essential, 74% of manufacturing businesses agree with the statement. However, it is also crucial to understand that if you invest in some manufacturing software development and this software appears to be of no use, your business can lose a lot of money even before releasing the product. That is why forecasting of future trends is important, yet it has to go together with the risk management initiatives. 

4. Adoption of transparency

Since public opinion shapes the reality of modern manufacturing, companies need to be particularly careful about their inside processes, resources, and usage of assets. The easiest way to be in the positive spotlight is to uncover all the processes to the consumers willingly. For example, Patagonia allows its customers to check the company’s carbon footprint. It knows such a problem exists but by showing all the data, it demonstrates the business’s work in progress and earns the hearts of the publicity. Failure to disclose such information in the modern world can turn into a disaster, as happened with Apple six years ago.

The trick here is that technologies can help in this aspect of manufacturing as well. For example, manufacturing software from Singapore based on the blockchain can help a business ensure that no transaction and action within the company is left out. By showing the trace for each and every action in the chain, a company can prove its sustainability and build transparency within the brand, keeping the customers included and aware of their deals.

The risk: Do not disclose more than needed. A manufacturer needs to state where the assets and resources come from and how they are involved in the process, but the publication of every single step on the way from the seed to a cupboard might not be the best initiative. Remember that the more information is shared, the more problems one can find in it. 

Industrial 4.0 and its effect on manufacturing software development

Conclusion: manufacturing driven by consumers

The rapid change in manufacturing is obvious and unavoidable. Universal implementation of manufacturing production software or AI has turned from a benefit to a necessity. Competition gains strength, consumers become more hard-to-please, and the technology evolves into new shapes on a daily basis. Rethinking of the existing values and routine operations for manufacturing businesses is a vital step to survive sudden changes.

Growth Opportunities in the industry of 2020 are enormous: from the well-known yet still essential digitalization through manufacturing technology to becoming sustainable at every step of the way. The smart and forward-thinking manufacturing companies are already seeking assistance from AI and robotics to turn around and understand the customers’ needs. So if you are not planning to trail behind the competition, gear up with technology and step into the future of manufacturing today.

Categories
Designs & Invention Energy Green Energy Money & Finance Real Estate

Here’s How To Choose The Perfect Site For Your Modular Home

Prefabricated or modular houses have been on a considerable rise over recent years. Going for a modular home becomes handy for a number of reasons and there are numerous budget ranges too.

However, your experience depends on the choice of installation site as much as it does on the home itself. These ready built home have specific construction guidelines along with rules for their building site. This article chalks down pivotal points to consider while krundi ostmine (in English buying the plots) for your new modular home.

Four Steps to Choose a Perfect Site for Your Modular Home

Four Steps to Choose a Perfect Site for Your Modular Home
Settling for a modular home becomes handy for a number of reasons, not limited to budget. Here’s how to choose the perfect site for your construction.

Choice of topography

The physical parameters of your construction site determine its topography which is crucial to be assessed. The type of surface you have decides how easily the home components can be assembled at the site. Choosing a flat surface turns out to be a fitting decision as it prevents you from any money spent on leveling the surface.

You might require various heavy machinery if the topography is not ideal for the construction. However, modular homes can be readily set up on most of the surfaces as engineers have viable solutions for any construction hassles.

Accessibility of the modular home site

Depending on the size of your modular unit, transportation charges can hike quickly if your construction site resides considerably far. You need to include these costs while considering the overall cost based on your budget.

Moreover, be mindful of any midway hurdles if you’re going to install a huge modular compartment. Several midway obstacles like overhead lines, quality of the road, any overhanging tree, etc. become vital when it comes to deciding the ease as well as the time for the maneuver.

Planning permits

Before you get your prefabricated house installed on the desired site, it’s essential to have an in-depth idea of several permit requirements. You need to assess any restrictions that might cause hassle during the construction. Any modular home can only be set up once all the planning permits are set cleared by the authorities.

Issues like overlays, land zoning, and covenants often make it arduous to carry out a speedy installation as you need to sort these individually. Don’t refrain from taking suitable legal help in order to keep yourself updated with the laws governing this operation.Here's How To Choose The Perfect Site For Your Modular Home

Orientation

Choosing the right direction sense for various aspects of your home is not only crucial from the design perspective but also accounts for energy savings. Sunlight can only be entirely utilized if you have come up with a strategic direction choice for your modular home.

Thus, selecting a site must include the orientation of your house as a deciding factor so that you can figure out any obstruction beforehand. For instance, you can carry out any changes in the direction of windows by clearly understanding the surroundings. Thus, visiting the site becomes pivotal so that you can know where any changes might be needed. You might also need to bring a designer alongside so that no discussion remains left out for later.

Categories
Discovery Energy Green Energy

Green Construction: 5 Powerful Technologies Used in Green Construction

Green construction is the use of resource-efficient and responsible environmental processes that are used during the building process to ensure the sustainability of buildings. Green constructors will ensure their building site causes the least amount of environmental harm and use cost-effective and durable building technologies that provide an efficient use of resources and energy, reduce waste and pollution while preserving water supplies. We have teamed up with Birmingham based builder merchants, BUILT to put together a list of sustainable technologies used in green construction.

Green Construction Technologies That Are Highly On Demand by Constructors

Technologies Used In Green Construction
What are green construction technologies? They are technological tools, appliances and techniques used while constructing a home with the environment security in view.

Cool roofs

Cool roofs aim to reflect heat and sunlight away from properties to maintain standard room temperatures by cutting thermal emittance and heat absorption. Cool roof technology uses reflective paints and specialised roof tiles to ensure less heat is absorbed and reflect away solar radiation. Cool roof technology is based on similar principles to the effect achieved when wearing light coloured clothes in summer months to stay cool. Standard roofs can reach temperatures of up to 150°F during periods of sunny weather, but cool roofing stays over 50°F cooler under the same conditions. Cool roof technology reduces any requirement for air conditioning, so cuts down on energy costs.

Green insulation

Green insulation is insulation created from recycled materials, such as newspaper and fabrics. It is a green construction technology which eliminates the requirement for expensive, high-end finishes which are fabricated from non-renewable materials and is a useful resource for lining inside walls.

Solar power

Solar power is a popular sustainable technology used in green construction and the power of the sun’s rays can be harnessed in passive format or actively. Active solar power is the use of functional solar panels in the building process to supply heating and electricity. The use of passive solar power is based on construction designs which use the sun’s rays to heat homes and buildings, via the strategic placement of windows and the use of heat-absorbing surfaces.

Solar panels are used in green construction industry
Solar panels are one of the most useful green construction components to prevent harm to the community while also saving cost.

Low energy homes and zero energy building designs

Mechanisms to reduce energy consumption are built into sustainable construction technologies. The construction of wooden buildings is a sustainable construction technology as wood has a lower embodied energy when compared to buildings of steel or concrete. Sustainable construction allows for the free flow of air while utilising high-performance windows and techniques for insulation. All these techniques reduce dependency on air conditioning and traditional heating and lighting. Renewable energy like solar power is used for heating and light and contributes to the low energy house and zero energy building designs.

Low energy building designs and plan

Smart appliances

Sustainable construction technologies embrace the installation of Smart appliances to reduce energy costs and to create zero energy homes and commercial buildings.

Biodegradable materials

The use of biodegradable materials for foundations, walls and insulation is an intrinsic element of green construction. Traditional construction techniques can lead to an accumulation of toxic chemicals and waste products which can take hundreds of years to degrade. Biodegradable materials will break down easily without any release of toxins, so are contributing to a reduction in negative environmental impacts from construction technologies.

As construction techniques evolve there will be greater emphasis on green technologies. Building and designing zero and low energy buildings may be costly but their long-term prognosis and energy saving technologies save money over the long term.

Categories
Business

7 Challenges Faced By International Construction Companies

Construction has never been an easy business. In fact, it’s no exaggeration to say that every construction project is a feat of human ingenuity and skill. It takes an extraordinary level of skill to coordinate different teams to plan, design, finance, and bring a large scale project to completion. Coordinating and executing the logistics is difficult when done locally, regionally, or nationally, but it becomes far more difficult when done internationally.

Usually, international construction is based in developing nations because there is less demand for construction work between developed countries. Construction companies have to contend with a less mature consumer base, a less well-regulated environment, and a bewildering assortment of economic environments. While low growth countries can be very difficult to work in because of a distressing lack of infrastructure, even high growth developing countries, like Brazil, for example, have large areas of their economy that remain under-developed and difficult to penetrate.

7 Challenges International Construction Company Can Encounter

International building company
What are the likely challenges an international construction company will face in its bid to work on foreign lands? Here are 7 challenges an international construction company often face and ways to resolve them.

Here are 7 challenges an international construction company often faces:

Linguistic and cultural barrier

Differences in language and culture make it difficult for teams to work in harmony. However, the use of international construction software makes it much easier for multicultural teams to understand the changing details of a project because they are able to share an application with a multilingual interface.

Linguistic and cultural barrier
Linguistic and cultural barrier tops the list of limitations faced by international construction company workers. Inability to communicate effectively in one tongue could dampen the positive spirit amongst workers.

Bureaucratic hurdles

While bureaucratic hurdles exist in all countries, developed and developing alike, which makes it difficult for international construction companies to operate is that they have little familiarity with the bureaucracy of other countries. Some of these hurdles make no sense. Using Brazil as an example again, it takes about 469 days for a company to get their construction permits.

International Construction Company Bureaucratic hurdles
International construction company bureaucratic hurdles are one of the major challenges that limit project execution and causes delays in completion. Work permit alone could cost a lot in brand image repair.

Corruption

Again, corruption exists in all countries, and it is rare to find a country, where corruption has been defeated. Iceland is one of those rare examples. Corruption has almost come to a standstill thereafter the government got rid of all the financial institutions that were steadily undermining economic growth and working against the interests of the people. However, in countries where there is a dictatorship, corruption flourishes openly. In most democratic countries, corruption also exists, but it is done with much more caution for there are more filters against it.

Corruption in construction companies
Corruption alone contributes largely to the disservice of international construction companies. Politicians are greedy, selfish and can prevent growth to take place if they aren’t well-settled. It is insane, huge hurdle you must crosscheck before you sign the final papers.

Finances

It’s always difficult to arrange finances when the currency is not on par with other nations. Usually, in situations where there is not much of a middle class, but a wide disparity between the rich and the poor, the country’s stock and commodity markets are stuck in a rut. All this makes it much more difficult to arrange investments or to win over investor’s confidence when trying to raise funds.

Infrastructure

In countries with a short developmental history, like countries that have thrown off the colonial yoke, plundered by different regimes, or torn asunder by wars, infrastructure is often insufficient to make construction projects easy.Infrastructure at a construction site

Technology

Countries that have poor infrastructure are also less likely to have much in the way of technology. In developed countries, competing multibillion-dollar telecommunication companies are getting bigger. They have all heavily invested in laying down fiber optic cables, building towers to beam Wi-Fi signals, or even sending satellites into the earth’s atmosphere.

Outsiders

Often international construction companies are viewed less favorably than local companies. Local companies know the construction landscape, understand the consumer base, and have figured out how to work within the confines of their regulatory structures. While they may lack the equipment or knowledge of an international company, they have the inside edge on knowing how to navigate within their country’s political and socio-economic systems.

International construction company worker
It is often believed, especially in underdeveloped countries, that foreign companies are coming to take jobs off their indigenous companies. Hence, the hostile environment for international construction companies trying to establish in such region. There have been cases of kidnapping of foreign workers, killings such as the case of recent Xenophobia on foreigners in South Africa and many others.

Often international construction companies must choose to partner with local companies if they hope their projects move forward.

Conclusion

In order for an international construction company to excel beyond borders, some of the above-outlined hurdles need to be properly cross-checked and worked out. Failure to factor in some of these into consideration could result in loss of valuable time and resources.