The outlook has not been promising but then manufacturing has faced some of the most challenging trading conditions for decades. David Bean, Solutions Group Manager at Mitsubishi Electric Automation Systems Division explains.
Inflation, higher interest rates and more aggressive competition from overseas have put SMEs and even established businesses under considerable strain. These pressures have also coincided with price shocks in the global energy market, hitting high users hardest, and magnifying the need for efficient energy management. Still, there is cause for optimism. In November 2023, the…
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