Productivity and efficiency will be the watchwords after Covid-19

As industry in the UK and Ireland emerges from the pandemic lockdown, improvements in production efficiency will be essential to maintain competitiveness in a global marketplace. Many original equipment manufacturers and the subcontractors in their supply chains will be pitching for sales in an environment characterised by fewer business opportunities in the short term, suppliers hungry for work and smaller profit margins. Only the most productive companies will survive. The position that Salisbury-based workholding and automation specialist 1st Machine Tool Accessories takes on the challenges facing industry is that they are in fact opportunities. The current situation continues to give machine shops, at least those not involved in supplying parts for vital medical equipment, the time to take stock of how effectively they are manufacturing components. They can carry out in-depth analyses of their processes to see where cost can be driven out while still maintaining the high quality needed in order to sell the resulting goods. Unit production cost is everything and there are many ways of reducing it.

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