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In comparison to other industries, metal fabrication is not changing at the same rate as the others, but it will change in the near future regardless of how quickly other industries change.It is also necessary for those of us in the manufacturing industry to be prepared to deal with any challenges that may arise in the future.If you work in the sheet metal fabrication industry, here are nine trends to look out for in the coming year.
Although a long time has passed since the metal fabrication industry first appeared, it has not fallen behind the times when it comes to technological advancements and innovation.For most modern job shops in the last five years have been smart fabrication machines with the Internet of Things, connected shop floors, and cloud-based software. The use of cloud-based software has also increased in popularity, with the use of cloud-based software becoming more popular in recent years. Consequently, fabricators are being compelled to pay greater attention to the implications of their actions on the overall security of the systems that they are designing and putting into operation.There has never been a time when this has been more critical than it is right now, as evidenced by the fact that ransomware hackers have taken over the news cycle in ways that they should not have done so.In the event of a data breach or cyber attack, the information contained within it may be completely lost, or a large number of records may be compromised. The need to compensate hackers in order to keep systems operational creates the possibility of significant working capital losses.
Many people are surprised to learn that the vast majority of cybersecurity breaches do not occur as a result of a third-party attack, but rather as a result of internal mistakes made by employees within the organization.This type of behavior, according to a recent report by Cybint Solutions, may be to blame for up to 95% of all incidents that occur in the financial services industry.According to FBI data, cybercrime has increased by a whopping 300% as a result of the COVID-19 pandemic, which began in late 2015 and has continued to this day.On the basis of these figures, it's understandable that manufacturers and {anchor} fabricators are devoting more resources to preventing these types of problems from occurring in the first place.
Because of its relative stability in comparison to other industries, with fewer dramatic swings, the metal fabrication industry is not exempt from the need to be flexible and adaptable in the face of shifting market conditions. The second blog on {anchor} fabrication trends, which we believe will have an impact on the market immediately and over the next decade, is one that we are pleased to highlight. Read the first blog on metal fabrication trends, which is also available for free download, to learn more about the industry.
A visual representation of current trends in metal fabrication is provided in the following graphic.The use of automatic manufacturing systems is becoming increasingly popular, and businesses that want to be around in ten years will need to pay attention to this development. During the intervening period, automated controls have evolved, becoming less expensive to operate and maintain while also becoming faster and more consistent, allowing them to handle more complex and varied tasks than they could even a few years ago.
We've always placed a high priority on the use of automation at EVS Metal, and we've had great success implementing it in a variety of metal fabrication operations across our four facilities in the United States.This enables us to produce high-quality outputs while maintaining consistent productivity and process stability throughout the manufacturing process. Our satisfied customers are more likely to recommend our company to their friends and colleagues as a result of our efforts as a result of this.As part of our commitment to providing an exceptional customer experience at the lowest possible cost while also maintaining the flexibility to produce almost any type of item in a wide range of lot sizes, automated processes have been implemented throughout our operations.
The growth plateau, which is defined as a period of time during which the company's growth slows to an unacceptable level, is reached by every company at some point in its history. Outwitting stagnation can be accomplished through a variety of strategies, with strategic acquisition being one of the most effective approaches. Sheet Metal Fabrication Services Companies must first acquire complementary capabilities, though the definition of this term will vary depending on who is speaking. Complementary capabilities are capabilities that help companies grow faster.
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