With businesses facing increasing customer demands and pressure on margins, maximising uptime is crucial for profitability: downtime costs manufacturers in the UK three days of production per year on average. “Fix it when it’s broken” or “regular maintenance every six months” are inefficient, wasteful and impact profit margins. They are not the best options in today’s fast-paced environment.
5G will transform the sector, enabling more efficient and effective ways of working. Globally, the sector is experiencing ever shorter product life cycles; against a backdrop of rapid shifts in trends and increasing demand for personalisation, consumers expect agility. In a time of shrinking margins, maximising uptime is more important than ever to retain profitability.
This event, from UK5G and The Manufacturer, will be of interest to anyone concerned about the productivity and efficiency of their manufacturing operations in the future.