May 16, 2020

Quality management can prevent reactive recalls in the automotive industry

infinityQS
Automotive industry
Nell Walker
2 min
Quality management can prevent reactive recalls in the automotive industry
Quality management software is a necessary tool in the automotive industry, according toInfinityQS.

As Vauxhall launches it second round of recalls on...

Quality management software is a necessary tool in the automotive industry, according to InfinityQS.

As Vauxhall launches it second round of recalls on over 230,000 Zafira B models, the car industry must start proactivaly assess quality management throughout every stage of the supply chain. Manufacturers expose themselves to expensive recalls by only taking steps reactively. 

Martyn Gill, Managing Director at InfinityQS Europe, said: “By using supply chain quality management software with real time functionality, automotive developers can review all parts installed in a car to ensure they meet strict criteria for installation. Time is money in any industry and being able to identify any problems in the supply chain in real time is incredibly advantageous. By having a software solution in place, users are provided with intelligence from the supply chain to help developers detect any faulty products.

“There must be a willingness to adopt new digital techniques within the automotive industry. Too many ‘travel documents’ – checklists for car builders – are paper based and therefore lack a synchronising feature with existing technology. By having a tablet or workstation PC, developers and builders can check, in real-time, the status of products and the overall supply chain.

“By being able to easily track batches and product suppliers, manufacturers will be able to review the inspection report to check for any inconsistencies. With a robust digital solution, the manufacturers can drill down into the electrical detail of the products to review for any faults. This ease of access to the electronic data can provide manufacturers with a clearer understanding of where the fault lies, either with the part itself or the design and build of the vehicle. In adopting such practices, it should significantly reduce the chances of incidents like those experienced by Vauxhall repeating itself,” concluded Gill.  

 

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Jun 8, 2021

IMF: Variants Can Still Hurt Manufacturing Recovery

IMF
Manufacturing
COVID19
Musk
Elise Leise
3 min
The International Monetary Fund (IMF) claims that while markets are rising and manufacturing is coming back, it’ll push for global immunisation

After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022

Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery. 

Lingering Concerns Over COVID

Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high. 

Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery? 

IMF: Current Boom Could Falter

Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”. 

Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”. 

Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.

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