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Stay Ahead in the Plastic and Rubber Product Manufacturing with Smart Factory

The plastic and rubber manufacturing industry produces plastic and rubber products for various sectors, including packaging, construction, automotive, healthcare, and consumer goods. It’s a $400 billion industry, generating over 200 million tons in production in 2020, and is projected to reach over $600 billion by 2028. Factors driving this growth include the increasing demand for eco-friendly and sustainable products, technological advancements, and the popularity of plastic and rubber products in emerging economies. However, the industry faces challenges such as environmental concerns, regulatory compliance, and rising raw material costs.
By adopting new technology and manufacturing systems, exploring alternative materials, and implementing sustainable production processes, the industry can overcome these challenges and improve efficiency, reduce waste, and enhance product quality.

Industry Challenges

Downtime Disruptions

Frequent equipment breakdowns, poor maintenance practices, and a lack of real-time data on equipment performance lead to increased unplanned downtime, resulting in lost productivity and increased costs.
Plastics and Rubber Manufacturing
Plastic and Rubber Product Manufacturing

Material Cost Pressures

Maintaining a balance between inventory levels and actual demand is crucial for the profitability and competitiveness of the rubber and plastic industry. However, forecasting demand accurately can be challenging, and material lead times can be long, which can result in material cost pressures.
Plastic and Rubber Product Manufacturing

Skilled Worker Shortage

The rubber and plastic industry is facing a shortage of skilled workers, which can be attributed to the difficulty in finding and retaining skilled workers, and the knowledge gap between experienced and new workers. This shortage of skilled workers can impact the productivity and quality of products in the industry.
Plastic Manufacturing
Plastic and Rubber Product Manufacturing Industry

Equipment Disorder Issues

Inconsistent maintenance practices, including time-consuming and labor-intensive changes, can result in equipment disorder issues that can negatively impact production schedules and product quality. Optimizing maintenance practices is critical to avoid such issues.
Plastic and Rubber Product Manufacturing Industry

Smart Factory Solution

Accurate Records

Accurate Records

Accurate record-keeping ensures the right materials are used in the manufacturing process, minimizing mistakes and cross-contamination.

Supply Chain Visibility

Supply Chain Visibility

Visibility of the supply chain enables accurate tracking of materials from start to finish, with integration of production and CAD programs assisting with inventory management.

Real-time Data

Real-time Data

Real-time data collection allows for the identification of waste reduction opportunities and the optimization of resources.

Error-proof Quality

Error-proof Quality

Error-proof quality leads to lower costs, boosting the bottom line.

Overall Equipment Effectiveness

Overall Equipment Effectiveness

Overall equipment effectiveness (OEE) helps track uptime, production, and quality for continuous improvement.

Demand Volatility

Demand Volatility

Just-in-time inventory and proactive sales and operations scheduling help minimize the effects of demand volatility on the business.

Buyers Guide
Be a Smart Rubber and Plastic Manufacturer!
Don’t let your competitors get ahead. Download the Smart Factory brochure and discover how it can help you stay ahead of the game in the rubber and plastic manufacturing industry.
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