Quick,Look,Food,Manufacturing, business, insurance Quick Look At Food Manufacturing Industry Trends
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Manufacturing is one of the widespread industries. Manufacturing industryreports point out that many manufacturers have improved financially in last fewyears. Even after substantial growth they are not willing to spend on newtechnology, capital equipments, hire skilled employees because they dont haveclear idea about political and economic stability in next year. Experts predict that new innovative production methods will be introducedin the coming year. These production methods will be helpful foe manufacturersto reduce their production cost per unit. It is also predicted that new productideas, supply chain management techniques and much more will come ahead due todevelopment in production process and its related activities. Leanmanufacturing techniques is adopted by most of the manufacturers. Marketresearch reports indicate that in coming years there will be more learning andresearch around green field implementations and core systems. Manufacturerswill try to get the significance of cloud computing. It is determined from the industry research reports that there will betremendous demand for electronic devices and applications in future. Manufacturersof mobiles, iPod, iPad, and other such devices have to gear up to full fill theincreasing demand. They have tom come up with innovative products to attractmore customers. As per research data social media sites are playing significantrole in promoting manufacturers products and services. Asper 2011 industry reports 66% Food processing manufacturers are optimisticabout growth in future. They prepared priority list for coming year and it wasfound that almost 57% manufacturers said foods safety is first, 29% manufacturers gave priority to costcontrol, 20% of them gave importance to energy issues and environmental issues,and very few gave priority to water issues. Inmanufacturing industry reports it is determined that more than 70 percent ofmanufacturers are implementing food safety measures. To do so they willpractice following measures employee training, development of HACCP plans, upgrade sanitary equipments, improvepest control, and third party verification. Some surprising facts came out in the 2011 market survey. Whenasked about importance of going for green manufacturing concept. Only 37% saidit is more important but in last year this percentage was 69 percent. There isa tremendous drop in the percentage. 5 percent said green manufacturing is lessimportant and 9 percent said it is not at all important. Whereas 49% said thepriority is almost the same there is no change. Luckily the response in lessimportant and not important bracket was far much better compared to 2010response. In market reports it is found that 37 percent of manufacturers areplanning for growth to deal with economic issues. Whereas 34 percent arereducing staffs to deal with the economic issues, 15 percent are planning toconsolidate their plants and 9.3 percent are cutting off the salary to dealwith the issue. Overall from 2010-2011 there was an optimistic view towardsimproving food safety issues and adopting green manufacturing methods.
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