Move over metal - there's a new material taking over the fabrication assembly +industry.
According to a 2015 study from Grand Research, Inc., the global plastics market will reach more than $650 billion by the end of the decade thanks to innovation in packaging, construction and manufacturing, particularly in the automotive sector.
But even though plastics are finally making a name for themselves, plastics fabricators cannot waste a minute finding the right solutions for guiding their businesses through the upcoming economic and logistical challenges.
Reducing counterfeit materials with stronger supply chain management
U.S. conglomerate DuPont knows well the effect fake polymers have on product quality and the headache of correcting the issue. As Plastics News reported, DuPont recently issued a warning after it uncovered counterfeit resins in Chinese markets bearing its name. This event harkens back to 2014, when DuPont relocated the manufacture of Aston Martin accelerator pedals to England after partnering Chinese facilities were caught using counterfeit nylon. As a result of the affair, DuPont recalled 17,000 vehicles.
Fake polymers are not as easily detected as other manufactured goods, but they can ruin quality of a company's products and the sanctity of its brand. As such, plastics fabrication must adhere to strict supply chain governance that balances data transparency with automation.
Reverse logistics are a must in eco- and cost-conscious world
A 2016 report from GRID-Arendal estimated about 40 percent of plastics produced globally have single-use applications, 20 percent are long-lasting and another 40 percent have intermediate life spans - consumer electronics, etc. For many plastics manufacturers, reverse logistics will be a necessity for long-term partnerships, especially as their production is set to increase significantly over the next 30 years.
the global plastics market will reach more than $650 billion by the end of the decade
Recycling and reprocessing goods may make Mother Nature and your CFO happy, but it's not as simple as flipping a switch in the opposite direction. It requires resource forecasting and the creation of whole new lines of work, which in turn require a digital infrastructure to manage movement.
In both endeavors, plastics fabrication as an industry would benefit greatly from advanced enterprise resource planning capabilities with a fully integrated, end-to-end architecture. abas ERP tracks supplies and products with clarity, and its limitless customization potential makes it as transformable at the molecular level as the polymers it serves. For more information, check out how abas helps plastics manufacturers like you define your industry.