The global supply chain in 2023: what to watch out for
As 2022 is nearing its end, there have been some huge challenges which have caused significant impact. From the continuance of the pandemic fallout to the current nearing recession worldwide, the global supply chain has suffered. So what can we expect to change in 2023?
What are rare earth magnets and their applications? TyTek Industries explains…
There are many uses of rare earth magnets in industries such as technology and consumer products and many of the general public probably don’t realize their existance. But what are they and why are they important? TyTek Industries explains in this week’s blog all you need to know about rare earth magnets…
3 things to think about as a small business when you’re looking to scale up
What is one of the biggest things business owners think about when it comes to success? Scaling up of course! However, it’s not as simple as it may seem and isn’t always the key to achieving greatness and profits quickly, as scaling up too quickly can go either way. Having goals and ambition are definitely great traits to possess as a business owner, but understanding timelines and capacity of reaching those goals takes patience and knowledge. Let’s look at 3 things to think about as a small business when it comes to looking at scaling up quickly.
Rare Earth Magnets are in high demand and Biden decides against restricting imports
For the rare earth magnet industry there seems to be no signs of slowing down, but instead ever-increasing demand. Industries such as Wind Turbines and Electric Vehicles are amongst the top for needing rare earth magnets to function, but what does this mean for the rare earth industry?
What current challenges could affect the global supply chain moving forwards?
The global supply chain as we know is undergoing many challenges, which has been the talk of the world over the past few years. As of recent months we have seen many changes for the good and for the bad, with many businesses feeling uncertain of the future. What challenges can we expect going forwards for the global supply chain?
There is light amongst the darkness as Manufacturers are staying positive during the post-pandemic crisis
It’s no secret that a recession could be upon the world, even as quickly as the end of 2022. With many complications across the board, from inflation to materials shortage, supply chain issues and negative growths - it seems like a dark horizon for many businesses. However, there is light at the end of the tunnel and despite these ongoing challenges, manufacturers have experienced it before and are aware of what’s to come.
UK logistics giant, EV cargo says that shipping challenges will last for years to come
In the continuance of rising costs and supply chain challenges, the UK’s biggest privately-held logistics business says shipping issues will last for many years. EV Cargo operates both in the UK and internationally, on road, sea and air freights. Handling logistics for large businesses such as Asda and Next, they say that problems will continue for the next few years due to a number of variables.
Are you making the most of innovation as a manufacturing business?
Industry 4.0 is well underway, with automation and artificial intelligence sweeping the sector in a bid to improve efficiency and processes. Whether you like it or not, change is inevitable and it’s up to you whether you want to empower it, or risk falling behind. As a manufacturing business ourselves, we are always looking to develop and improve the process from beginning to end.
We’re over half way through 2022, what’s the current state of the global supply chain?
It’s been a whirlwind past few years, with many huge events occurring which have affected us globally. From the Covid-19 pandemic, worker and materials shortages, supply chain chaos and now rising inflation, what does the future hold? The supply chain has knowingly suffered drastically, with political changes affecting trade and many more factors contributing. So what is the current state?
Looking at starting your business plan? Here’s 3 tips to follow as a new entrepreneur
At TyTek, we know how important it is to follow a good business plan to achieve success, however it’s not always as easy as it looks. There are many steps you can take as a new entrepreneur to make sure that when you’re starting out, you achieve the best results possible, however it’s always common to make mistakes. This isn’t a bad thing and is all part of the process, as you learn valuable lessons that you’re able to make change upon.
Let’s talk Industry 4.0: 3 trends developing in the Manufacturing Industry right now
We are halfway through 2022 and the world is overcoming challenges such as supply chain issues, inflations, worker shortages and more across all sectors. But businesses are showing their resilience from SMEs to large corporations and looking towards innovation to tackle the issues. Industry 4.0 continues to change the way we work and although some sectors are falling behind when it comes to digital change, the ongoing challenges are forcing businesses to inflict change whether they like it or not.
How to Improve Productivity with 5 Minutes per Day - A Method used by Entrepreneurs
We are all swamped with many tasks during our working days, whether we’re business owners or employees. Engineers can be brilliant at problem solving as it’s in their nature, however even for the most effective time managers among us, productivity can become a challenge to stay on top of. We’re all human and can only do one thing at a time (within reason) so taking the time to become more productive can be very beneficial for personal development and business longevity.
With the journey through Industry 4.0, how are you getting your business on the Digital Transformation path?
As we glide through Industry 4.0, many sectors are doing what they can to innovate and stay up to date. Keeping with the times is detrimental to a businesses’ longevity, as those who aren’t making change run the risks of falling behind the competition. When it comes to the Manufacturing and Engineering sectors, digital transformation is a necessity as the sectors are finding ways to become more sustainable and achieve the world’s net zero goals. So what does Digital Transformation look like?
What is the Metaverse? Let’s Delve into the Future of Manufacturing and Technology
As Industry 4.0 continues, we see technology combining with Manufacturing more and more by the second, revolutionising the way the world works. As change is inevitable, technology advances are the future and companies that aren’t innovating risk falling behind. We take a look into what the Metaverse is and how this could affect the future of Manufacturing for the better.
What Does Sustainable Manufacturing Look Like and Why it’s Detrimental to Your Businesses’ Future
As the hot topic around the world is Net Zero, more and more businesses are becoming aware of their sustainability in the environmental and longevity sense. Becoming sustainable is now important to all stakeholders, customers, suppliers and anybody who interacts with a business. However, it’s not just about saying you’re conscious of your carbon footprint on your email signature. Stakeholders want to see businesses be proactive and evidently sustainable.
Rise in Fatalities in the Mining Industry calls for Necessary Confined Space Rescue
Significant concerns are rising in the Mining Industry, as fatalities are increasing year on year since 2020. According to the department of Mineral Resources and Energy (DMRE) chief inspector of mines David Msiza, infrastructure and practices desperately need to adapt and innovate to avoid loss of life.
From Lockdown Disruption to Terminal Congestions, Supply Chain chaos descends across the globe
The supply chain industry doesn’t seem to be catching a break, as disruptions from China to the US are causing growing challenges. Businesses are also still feeling the effects of the Russian Invasion, with continued sanctions and material shortages expected up until 2023. So what’s the current situation in China?
Workplace Culture 101: Why a Positive Work Environment is the Key to Success for Small Business Owners
As more and more SMEs appear, there becomes a plethora of options for potential and existing customers, thus creating a more competitive landscape. As the competition grows, small businesses are scrambling for ways to push themselves and be seen as a key influencer and a credible choice within their industry. Whether investing in better technology, new innovative ways of working or expansion of the team, workplace culture could be the difference between you and your competition, so you have to nail it.
Fresh Strains on Global Supply Chain amid Ukraine crisis
Businesses worldwide are set to feel the effects of Russia’s invasion of Ukraine, adding more strain onto the already struggling global supply chain. Already buckling under the pressures of the Covid-19 pandemic, the global supply chain is now facing new challenges with the domino effect of global dependencies on businesses in the Ukraine already being felt.
Logistics and Freight Company Expeditors International Struggles to Recover from Cyberattack
The shipping and logistics industry took a hit once again when Seattle-based freight company Expeditors was hit by a cyberattack that crippled some of their operating systems and continues to hamper their operations around the world.
Rocketing Cost of Oil Causing Chaos for Businesses and the Economy
Following the supply chain chaos and labour shortage due to the pandemic, it doesn’t look like things will get any easier for businesses across the globe and in turn, the economy, as crude oil could soon be reaching the century mark as prices rocket.
Record-Breaking December for Port of Long Beach
For the shipping industry, 2021 was the year where U.S supply chains buckled under unprecedented demand, worker and truck shortages, and a consumer shift that saw more of us buying material goods as we avoided travel and social outings during the Covid-19 pandemic.
How Omicron is Adding Further Pressure to Global Supply Chain Crisis
It may be the start of a new year, but it seems the ‘ripple effects’ of the Covid pandemic will not disappear any time soon and will continue well into 2022 and beyond, as the Omicron strain of Covid creates more havoc for the supply chain across the globe.