Manufacturing accelerates at fastest pace in 3 years

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Presentation transcript:

Manufacturing accelerates at fastest pace in 3 years

Why? 1.Upswing in global manufacturing activity 2.Eurozone index for manufacturing growth at a six year high. 3.Particular growth in investment related activity. 4.Weaker pound .

However … 1.£ Sterling depreciation is causing a rapid increase in input costs. 2.Inflation now touching 2.7% 3. Manufacturing wages increase by 2.5% in first quarter 2017 (up from 1.7% in previous quarter)

INDUSTRY 4.0 THE FOURTH INDUSTRIAL REVOLUTION

2.Trumpf manufacturing. Parts sense what has been done with them. INDUSTRY 4.0 IN ACTION 1.Foxconn replaces ‘60,000’ factory workers with robots May 2016. Interactive padded robots interlink with human operatives. 2.Trumpf manufacturing. Parts sense what has been done with them. 3.Cyber physical machines (CPS). Intelligent, adaptive, self maintaining. Embedded sensors are in charge of collecting data from physical assets. Big data.

INDUSTRY 4.0 THE FOURTH INDUSTRIAL REVOLUTION “This is nothing less than a paradigm shift in industry: The real manufacturing world is converging with the digital manufacturing world to enable organisations to digitally plan and project the entire lifecycle of products and production facilities”

Industry 4.0 62 % of manufacturing firms planning to invest more in internet connected manufacturing equipment in the next 5 years. * Source EEF

Industry 4.0 “ In preparation for Industry 4.0 Britain lags 12% behind Europe and 20% behind the Chinese” *Source Boston Consulting Group

Cyber Attacks 1. Establish strong passwords. 2.Put up a strong firewall . 3.Install antivirus protection. 4.Update your programs regularly. 5. Secure your laptops. 6.Secure your mobiles (encryption software , remote wiping enabled ,password protection) 7. Back up regularly . 8.Monitor diligently (data leakage software) 9.Be careful with e-mail, IM , +Surfing 10. Educate your employees.