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Now is the right time to invest in automation

During economic turmoil, our survival instinct is to hunker down and wait for the storm to pass. In the difficult times of the past few months, many businesses have been cutting back on manpower, employee benefits, travel, marketing and freezing capital investment budgets. While other businesses with more of a killer instinct are getting more aggressive, hoping to take market share when the inevitable turnaround comes.

Today's need for welding automation is real, and it will only be more so in the future. The shortage of highly qualified welders, the shorten time to market that drives smaller batch production, the increased competition both domestically and internationally, as well as health and safety considerations call for manufacturing efficiency, cost savings and production capacity that only automation can provide.

Economic cycles have an overall known pattern, which is shown in the diagram below. Although it is difficult to predict the length of each stage, or the height and depth of the peaks and valleys, it is safe to say that what goes up will come down, and vice versa. Sooner or later our economy will recover and we can all take steps today to position our businesses for growth when it happens. The problem is we can never predict the turning points and in most cases, we only officially know of the up or downturn nine months after the fact. This means if we wait until we know for sure there is an upturn in the economy to make business improvement decisions, and take the additional time to act on them, then it is too late - we have missed our opportunity to benefit from the full upswing. Implementing welding automation today will help your company enjoy a better and longer competitive edge, and result in higher profits and growth tomorrow.

As of February 2009 some economists claim we are reaching the bottom of the current economic crisis (toward the end of stage D). Get ready and be poised to ride the upturn by putting into operation flexible and efficient production capabilities in the next few months. This will give your business the ability and confidence to compete aggressively on new fabrication projects.

Should you wish to discuss this further, don’t hesitate to call me.

Efi Level, CEO
SmartTCP, Inc.

The economy rollercoaster cycle

 

 

 

 

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