Balancing Act: Managing Risks and Rewards of AI Adoption in Manufacturing
Artificial intelligence (AI) has become increasingly prevalent in the manufacturing industry, offering Utah businesses the potential for enhanced efficiency, productivity, and innovation. As more companies embrace AI technologies, business owners should understand both the risks and rewards associated with this adoption. While AI can streamline processes, optimize resource allocation, and improve product quality, it also […]
The State of Manufacturing in Utah and Why Insurance Matters
Manufacturing is vital to Utah’s economy. Companies in this industry must have the right insurance coverage to protect themselves from risks and unexpected losses. Business insurance keeps manufacturing buildings, inventory, equipment, and other assets safe. It also helps protect companies from financial losses due to liability claims, worker injuries, supply chain problems, and natural disasters. […]
Understanding the Unique Insurance Needs of Manufacturing and Wholesale Businesses
The manufacturing, wholesale, and distribution sectors face unique risks every day. Storms, fires, and floods can damage products within a warehouse, thieves can target inventory, and unpaid deliveries or late supplier shipments can eat into your profits. To mitigate the varying risks, all companies within the wholesale and manufacturing industries require comprehensive business insurance options. […]
How Manufacturers Can Weather the Summer Slowdown
Consumer spending follows seasonal trends, and many manufacturers and other types of businesses follow suit. That’s especially true during the lazy days of summer, and unfortunately, companies that experience a significant loss in sales and output can face financial difficulties. With the help of insurance protection for manufacturers, however, it’s possible to weather the summer […]
Steps to Preventing Human Errors in Manufacturing
Human errors in manufacturing are a common theme that the industry is attempting to reduce to create better efficiency. According to the National Institute for Occupational Safety and Health, as many as 836,700 people annually sustain injuries in the manufacturing industry. There are many causes for these injuries, but unfortunately, human error is a common culprit. […]
