In this article, Ben Potenza, VP Marketing at EquipNet, the company operating the world’s leading online marketplace for used production equipment, outlines the background to the growing revolution in the manufacturing industry and talks to one of the businesses benefiting from adopting this approach.
A revolutionary solution
The manufacturing industry contributes £6.7 trillion to the global economy. In the UK alone, the industrial sector has increased by, on average, 1.4% a year since 1948.1
These increases derive from the constant release of new products for a variety of markets. A better quality skilled workforce, the production of high productivity goods, as well as the increasing investment in research and development, have also contributed to growth in this industry and, in turn, more new products.