The COVID-19 pandemic has disrupted nearly every aspect of life, including the global economy. Companies worldwide are waiting for relief from higher metal prices and longer lead times, two significant challenges due to pandemic-related factors.

The supply and demand of metals are significant factors that influence their prices. With the pandemic leading to a surge in demand, prices have increased as businesses try to recover and ramp up production. Simultaneously, the pandemic has created supply chain disruptions, caused delivery delays, and further rising prices. The global economic climate, political instability, and natural disasters are other factors that significantly affect metal prices. For instance, geopolitical tensions may result in investors seeking safe havens for their money, leading to increased demand for metals and higher prices.Continue reading

Advantages of using computer software technology for product development
Computer-aided Design (CAD) is a widely used technology in product development. It is a powerful tool that allows designers to create accurate 3D models of their products and modify them in real-time. CAD allows designers to quickly create complex designs, run simulations, and analyze product performance. This technology makes the product development process faster and more efficient and brings many benefits that help companies quickly move prototypes into production. In today’s fast-paced world, technology plays a critical role in the success of any product development project. One of the technologies that are revolutionizing the way products have been designed, manufactured and brought to market are computer software technologies such as Solid Works, Solid Cam and iMachining. These software technologies make the product development process faster and more efficient and offer many benefits that allow companies to produce prototypes efficiently. Continue reading

Lean manufacturing is a production method that aims to reduce waste and increase production efficiency. It has been demonstrated that this strategy boosts productivity, lowers costs, and improves the overall quality in a variety of industries, including healthcare, aerospace, and automotive. A thorough comprehension of the principles, dedication and appropriate approach is necessary for putting lean manufacturing into practice in a manufacturing facility. In this article, we’ll show you how to implement lean manufacturing in a manufacturing facility, and increase product quality while simultaneously boosting overall productivity and efficiency. It has been demonstrated that this strategy works in a variety of industries, but it is essential to keep in mind that it is an ongoing process of improvement and adaptation.Continue reading