State College, Pennsylvania., August 12, 2021 / PRNewswire /-The following statement details the findings from the doctor. Jeremy Frank, KCF Technologies, Inc. Founder and CEO of:
As CEO of an American manufacturing company, I am very interested in watching the progress of American employment plans. The original version of the plan promised to “revitalize manufacturing, secure the US supply chain, invest in research and development, and train Americans for future jobs.” $ 500 billion In manufacturing, research and development.
The declining promise of federal cash does not save American manufacturers. Over 50% will be extinct within 20 years.
Its significant mass of change evaporates from a bipartisan agreement that took place a few weeks ago. American manufacturers may benefit from planned infrastructure investments.New roads, buildings, water systems, and energy projects can’t get going without people to build them, but in reality, American manufacturers disappear almost as quickly without major course modifications. $ 500 billion promise.
The American employment plans that exist today cannot save the American manufacturing industry. Too much work is created by creating too much work, and too little is created by maximizing the resources we already have. “More jobs” sounds great to come from the podium, but there are just not enough workers available for the jobs available today. Currently, millions of manufacturing jobs are unfilled and the problem will be exacerbated. Deloitte and Manufacturing Institute Warned that a gap in our manufacturing skills would lead to 2.1 million unemployed by 2030, $ 1 trillion It will hurt our economy.
It is rare to say that the COVID-19 pandemic has had a tremendous impact on American manufacturing and has exposed supply chain vulnerabilities.by 2021 North American Manufacturing Annual Report, 83% of manufacturers believe that they are “highly” or “very likely” to replace at least one overseas supplier with a North American supplier within the next 12 months. This is a 53% increase. March 2020..The report estimates that this level of reshoring will be injected. $ 443 billion To the US economy.
It certainly sounds hopeful, but it’s not enough to revive our flagging manufacturing industry. How can you successfully reshore and add about 580,000 new supplier contracts to your manufacturing production without anyone working?
These numbers could help federal investment fill in by improving the skills of existing workers and helping manufacturers acquire the skills they need to truly compete on the world stage. It reveals a gap. Without a major shift to automation and machine learning, the idea that manufacturing is part of the “weapon of American prosperity” would collapse.
Automation does not threaten to replace human workers. If that is true, we will have a shortage of work, not a surprising surplus.With automation Better Manufacturing work is closely related. Simply increasing employment is short-sighted and cannot address manufacturing skill gaps. Specifically, there is a need for workers who can manage Industry 4.0 technology and remain competitive in the American manufacturing industry.
The hard truth is this: Cash’s declining promises for federal work and theoretical plans to reshore will not save the American manufacturing industry. Within 20 years, more than 50% of American manufacturers today will be extinct. Manufacturers need to act now to save themselves.
The biggest murderers of American manufacturers are not external threats like pandemics or foreign competitors. It’s already in your plant. If there is no external investment and a new wave of skilled workers is not knocking down your door, the only way to survive is to reduce costs and increase productivity with existing resources.
All machines and lines in the manufacturing industry that are not operating at the highest efficiency are a threat to America’s prosperity. There is already a dramatic difference between late manufacturers and leaders. There is a 22% difference in Overall Equipment Effectiveness (OEE) between the top 75% and bottom 25% of today’s manufacturers. Improved OEE has a wide range of implications. Reduce costs, increase productivity and capacity, and save significant energy. Take, for example, an industrial centrifugal pump. Occupies more than one-third ofall Industry energy consumption.. These pumps waste nearly 15% of the energy they consume. This corresponds to the total output of two large power plants in a year.
This kind of waste of resources unfortunately symbolizes the American manufacturing industry today. We excel at inventing new technologies. It’s not so much to optimize what we already have. Although plant operational improvements have not progressed at a significant rate over the last few decades, the emergence of Industry 4.0 is all made possible by the confluence of several powerful technologies such as big data and advanced analytics. It represents an opportunity for manufacturers to make a big leap. , Cloud computing, and IoT.
The combination of these technologies provides a higher level of automation, better decision intelligence, and a more efficient business model. Ultimately, it leads to greater operational flexibility, lower costs, and increased productivity. In the simplest sense, Industry 4.0 provides visibility into manufacturing details, including the operation of the machine itself. This enables a better coordinated process and more skilled, more paid and more efficient workers. However, there is a big caveat to the possibilities of Industry 4.0. A significant number of industrial IoT implementations fail because manufacturers do not have the appropriate skills to analyze the data and take action.
By helping manufacturers implement Industry 4.0 solutions, we have found that the key to success is a holistic, health-focused solution.Focus on efficiency, wellness, and optimization of both machines When People lead to better overall plant health and more consistent operation. Manufacturers can do more with less resources and fewer workers. This is the only reliable way for our industry.
Manufacturers who want to exist in the future need to take action now and invest resources in technology and training that will help them stay competitive. Our industry does not need a job plan, it does need an infrastructure plan. Invest in machine health, plant health, and Industry 4.0 skill development to stop mass production extinction events. The future can still be made in America, but only if the manufacturers stop waiting for help and make it themselves.
About the author
Doctor Jeremy Frank Is the CEO and co-founder of KCF Technologies, an engineering technology company that provides innovative machine health solutions. He believes that the fusion of technology and human resources can transform the entire business.
Dr. Frank holds a PhD in Mechanical Engineering from the Center for Acoustic Vibration and an MBA focused on aggregation strategies. Pennsylvania State University..
About KCF Technology
Founded in 2000, KCF develops technologies and services that enable industrial businesses to improve performance, reduce downtime and optimize operations. KCF adopts smart, grit, drive, autonomy and responsibility at every stage to bring the latest technology to our continuous innovation to make our work and life smarter. ..
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Source KCF Technologies, Inc.
