I just returned from the 2016 IBEX boat show in Tampa, getting out right before the hurricane, and the winds outside could not compare to the energy and invigoration of the marine suppliers and buyers on the exhibit floor. The industry is definitely alive and well which is going to push the limits of the boat industry supply chain if the upward trends continue. We all keenly remember the near death of the industry just a few years ago and during that time it was a survival mode operation only. Little investment was made in business systems technology, supply chain optimization and systematic efficiency improvement. Read More
Turning to today where the industry has been seeing near 20% annual growth in many segments, this...
With the economy on a continued recovery the demand for boats, especially small to mid-sized styles is increasing dramatically according to the recent NMMA U.S. RECREATIONAL BOATING STATISTICAL ABSTRACT. While not yet back to pre-2007 numbers, it’s still significant growth. This level of growth has opened up the need for boat builders to become more efficient and streamlining of production. Prior to 2006, many builders just made capital investments in plants and equipment which during the downturn put many of them out of business. Cash flow dried up and the capital equipment became a major liability.
Learning from the missteps of the past during those pre-2006 growth years, how can the smart boat builder gain production levels to meet today’s demand without breaking the bank with capital investment? Other industries have faced similar issues such as the automotive markets. Suppliers to the automotive industries have felt the same pain and been in the same scenario. So what did they do to avoid the problems of the past?
Production efficiency in boat assembly can be increased and optimized thorough the use of ... Read More
The FAA estimates that nearly 100,000 aircraft will need to equip with ADS-B Out between now and 2020, but does the U.S. aviation industry have the time and resources to get them done in time? (As reported in Avionics Today)
Companies that supply advanced navigation and electronics systems for private, commercial and military are facing ever increasing challenges to meeting regulatory requirements such as the new requirements for ADS-B. Requirements such as this not only affect the ability for companies to ramp up to the production demand but also the engineering, ERP and business systems that are used to design and build these products. Extending from . . . Read More
Take a step outside and listen to what you hear, take a deep breath and take in the smells around you. If you are like some of the rural population in the United States, that is a refreshing moment. However if you live in an urban or city with a high population, it’s not refreshing. You will more likely hear the din of traffic, harsh sounds of diesel city buses, their engines clamoring and with the stench of diesel exhaust. In extreme cities such as Mexico City, and multiple cities in China and India this is more than just an annoyance, it’s a major heath issue.
Cheap fuel of the... Read More
The automotive industry continues to face one of the most demanding market environments in history. Although prospects for growth are huge in emerging economies, automakers and their suppliers are suffering from aggressive competition, shrinking traditional markets, increasing production costs, and chronic overcapacity. Read More