Emma Botfield, Managing Director, UK and Ireland, RS Components Learn why resilience is more important than ever and how the plant is at the heart of resilience operations.
As the world slowly emerges from the effects of the pandemic earthquake, many engineering companies are pushing ahead with their plans and working to ensure a strong recovery.
Of course, this raises questions about how the organization was prepared in the first place to withstand the unique pressures of unprecedented events, such as the outbreak of Covid-19, which affected all parts of the world. I will raise it.
It undoubtedly highlights the crucial importance of business resilience.
Rebounding from last year’s event is an immediate priority. But the fact that long-term transformation of manufacturing resilience can add £ 26 billion in productivity value to the UK economy is a good strategy to protect corporate resilience and drive future growth. It emphasizes the importance of making strategic investment decisions. .. This figure was revealed in the Resilience Index, a unique survey of 20 years of data. This is certainly an important discovery.
But what role does plant resilience play in helping the industry seize this productivity opportunity?
Survey results Resilience index Tell senior engineers that focusing on five investment areas can significantly help improve the resilience of supporting business security, driving growth and providing commercial opportunities.
The five golden investment rules are:
- Predict shock – From cyberattacks to changing trends in customer behavior, using in-depth research and analysis.
- Resist the turmoil – Build resistance to turmoil, for example through floods, cyber defenses, or relationships with trade unions.
- Absorb shock – This may be due to establishing multiple production lines or facilities, adapting product lines, or finding alternatives.
- Invest in recovery – In the broadest sense, not just IT – such as insurance policies, systems, and a culture that allows capacity to be restored by remote work and other means.
- Innovate for the future – Innovation requires an outward and agile corporate culture – an attitude that helps advance the four resilience-building investment areas to date. Investing in transformation, including innovation and R & D, is not only a step-by-step adaptation of the response, but also the proactive creation of new systems, products, and business models to maintain business relevance. This type of transformation involves elements of target disruption to grow your business.
For senior engineers, these five areas can help identify and notify you where you need to invest to enhance the restoring force of your plant. Ensuring long-term plant resilience, combined with the creation of several scenarios from potential events to extreme possibilities, and the support of ongoing inward investment to renew aging assets. Can provide a roadmap for.
From an RS perspective, the focus is on helping senior engineers build plant resilience by playing a strategic role in the supply chain.By providing bespoke Services and solutions We work with senior engineers every day to help build a resilient plant, especially with the goal of helping the entire plant, from inventory and procurement to maintenance and design solutions.
Working together across the supply chain to build resilience of the country’s plants and ultimately long-term cooperation and success is essential for the UK to have access to the £ 26bn opportunity. is.
https://www.theengineer.co.uk/why-plant-resilience-matters-rs-components/ Why Plant Resilience Is Important: Unleash Productivity Opportunities