Manufacturing Trends for 2017

As the year progresses, more and more trends are starting to become apparent in the manufacturing industry. From the utilization of more computerized learning to implementing retention strategies, there are plenty of trends on the forefront for this sector. As we explore the top 3, address your insurance needs with a comprehensive New Mexico Manufacturing Insurance package.

A digital makeover.

The Industrial Internet of Things (IIoT) is no longer the newest kid on the block. It is simply the most consistent kid on the block in manufacturing. Nearly every new piece of equipment or technology is inherently imbued with data capture and processing capabilities. Machines are talking to one another. Even the printer on your desk can probably send an alert to your smartphone when ink runs low. This simple fact is revolutionizing factory floors, explains Cerasis.

Those businesses that have not taken part in the digital revolution will face additional challenges as they struggle to keep up with consumer and business demands. Therefore, if your business is one of those, it’s time to invest in a digital makeover to secure its future.

Sustainable manufacturing.

In a globally conscious landscape, less focus is being placed on fossil fuel production. Domestic manufacturers are looking for sustainable alternatives to fossil fuels during this time as well, and even though the new administration may have some tough criticisms of renewable energy, the trend shows no signs of slowing. In addition, renewable, sustainable manufacturing operations have fewer overhead costs and gain favor with consumers, reports Inora Technologies.

Retention strategies.

Implementing retention strategies to keep science, technology, engineering and math students interested is a must for 2017. With the digital innovations that have swept the industry, there has been an increase in interest for manufacturing positions. In fact, most graduates would prefer to work for an innovative and exciting company with a bright future. Therefore, companies can indicate their anticipated achievements for the next 5 years to motivate students to join.

About Daniels Insurance, Inc.

At Daniels Insurance, Inc., our workers’ compensation insurance programs will protect your employees for on-the-job injuries, accidents and illnesses. In addition, we will conduct a review of all documents and factors that go into determining your workers’ compensation premium to see if there are any miscalculations. For more information, contact us today at 855.565.7616.