Outlook for 2013

Outlook for 2013It’s that time of year again where we look back over the previous twelve months and start to think about what 2013 is likely to hold. For almost all industrial sectors, 2012 has been a difficult year and the global economy is continuing to shake off the shackles of the recent global recession. As the UK economy has finally returned to growth, albeit less than initially anticipated, let’s hope that 2013 is the year where manufacturing and industrial sectors everywhere begin to shine.

The global forecast is, as expected, cautious. The mood was perfectly captured by the IMF in October when they downgraded their global growth estimates down from 3.9% to 3.6%. http://www.bbc.co.uk/news/business-19876587.  There are, however, reasons to be optimistic as positive growth is likely to reappear around the world – albeit in varying degrees.  Strong growth is expected to continue in the BRIC countries (Brazil, Russia, India and China) and global exports to these countries should remain robust throughout. The UK export market is expected to see continued growth during 2013, following increased confidence and investment from emerging markets seen at the end of 2012.

There will be a continuing need for manufacturing operations across the globe to remain efficient and sustainable.  Achieving this will ensure that your operating costs remain flat, an important objective as margins continue to be squeezed by a multitude of factors such as increased raw material prices and labour costs. While these factors are outside of your control, an efficient maintenance strategy frees up valuable resources, enables repair and replacement operations to be predicted and planned, and allows your operations to work at the optimal level. Achieving this level of control is only a sensor away.

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