Key challenges faced in manufacturing industry

By October 29, 2018Blog

Manufacturing is the backbone of any country and in India, manufacturing has emerged as one of the high growth industries. India is expected to become the fifth largest manufacturing country in the world by the end of year 2020.

In the words of Shri Narendra Modi, Prime Minister of India, “India is becoming a manufacturing hub. Make in India today has become the hallmark of India.”

According to a recent quarterly survey by FICCI, 71% Indian manufacturers agreed that along with the improved growth for the last few years, the cost of production as percentage of sales has also drastically increased. This is primarily due to increased cost of raw materials, wages, power cost and rupee depreciation.

This continuous market competition requires manufacturers to find ways to optimize production operations by reducing or eliminating non-value-added activities.

With so many variability and competition, manufacturers are required to overcome innumerable challenges every day and every time on the production floor.

We, SNic Solutions are conducting a short survey to help understand the challenges manufacturers must fight and would really like to fix:

 

Since its inception, SNic Solutions has been focused on improving the quality of life and standards for people associated with the manufacturing industry. In the last 12 years, we have worked with more than 150 companies in India and globally in various sectors.

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