Rising inflation and socio-political turmoil on an international scale have led to a sudden increase in the price of fossil fuels. This has resulted in a spike in energy bills for manufacturers in all sectors, with serious repercussions on their ability to keep up production without passing down the extra costs on their customers. But how can manufacturers cope with price rises? And can technology help? Here Neil Ballinger, Head of EMEA at EU Automation, offers some tips.
Since the start of the COVID-19 pandemic, the manufacturing sector has shown a remarkable ability to cope with the unexpected and quickly adapt to new ways of working. Now, manufacturers have to face yet another challenge — a sudden increase in energy costs. Several trade bodies have recently warned that this situation will prove extremely…
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