Global conditions to remain challenging for manufacturers in 2020

Manufacturing Global | January 13, 2020

Shannon Murphy, Assistant Head of Risk Underwriting and manufacturing specialist at Euler Hermes, examines the last 12 months and explains where the risks lie for the sector in the year ahead. Manufacturers around the world have had a challenging year in 2019. The impact of the ongoing trade dispute between the US and China and uncertainty surrounding the UK’s withdrawal from the EU have both contributed to the slowing of the global economy, which will have given the sector’s leaders many sleepless nights this year. For the UK it has been particularly volatile, with global headwinds compounding the Brexit-related issues the sector faces. Input cost rises, uncertainty around tariffs after its withdrawal from the EU and unprecedented levels of stockpiling, along with a fall in investment levels in both technology and talent, have stagnated growth and resulted in a sharp rise in business failures.

Spotlight

“In the old days, when we prototyped, it would take a machinist sometimes 6-8 weeks to make a simple pump housing. I can do that in 6-8 hours. That’s what it does.” -Bill Bryan, Director of Additive Manufacturing at Stratasys Direct Manufacturing. Stereolithography (also known as SL or SLA) is a 3D printing process that uses a UV laser to solidify liquid photopolymer resins. SL is perfect for concept models, master patterns, large prototypes, and Investment Casting Patterns because of its ability to accurately produce fine details. Stratasys Direct Manufacturing offers a complete range of Stereolithography materials that mimic the properties of ABS, polycarbonate, and polypropylene.

Spotlight

“In the old days, when we prototyped, it would take a machinist sometimes 6-8 weeks to make a simple pump housing. I can do that in 6-8 hours. That’s what it does.” -Bill Bryan, Director of Additive Manufacturing at Stratasys Direct Manufacturing. Stereolithography (also known as SL or SLA) is a 3D printing process that uses a UV laser to solidify liquid photopolymer resins. SL is perfect for concept models, master patterns, large prototypes, and Investment Casting Patterns because of its ability to accurately produce fine details. Stratasys Direct Manufacturing offers a complete range of Stereolithography materials that mimic the properties of ABS, polycarbonate, and polypropylene.

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