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 […]
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. […]
Five Manufacturing Trends to Watch in 2022
There are five manufacturing trends to watch in 2022 and ideas that will take the industry in a new direction. The manufacturing industry is in the midst of a significant change. Despite unprecedented supply chain problems and labor shortages, companies maintain high profits and continue to grow. Five Manufacturing Trends to Watch in 2022 This […]
How the Manufacturing Industry is Bouncing Back
The last few years have dealt every industry its fair share of challenges, but few have been affected as seriously as the manufacturing sector. Indeed, recent economic issues and public health matters have thwarted the operations of many manufacturing plants, but it’s clear that the manufacturing industry is bouncing back. If you’re in this field, […]
How Can Manufacturers Reduce their Carbon Emissions?
Greenhouse gases such as carbon, methane, and nitrous oxide have been shown to have a detrimental effect on the earth and its environment. In addition to damaging the earth’s ozone layer, they cause air pollution, which increases rates of respiratory illnesses. According to the Environmental Protection Agency, it’s estimated that 23% of all greenhouse gas […]
Everything You Need to Know About Manufacturers’ Product Liability
Goods manufacturing is an important part of the American economy. Manufacturers in every state produce products that are shipped domestically and internationally to end consumers. These manufacturers have a duty to produce safe products; a defective product can result in injury or death and represents a severe risk exposure to the manufacturer itself. In the […]
How Technology is Streamlining the Manufacturing Industry
In the manufacturing industry, technology has evolved at a rapid pace. New technology-based processes and equipment make complex manufacturing steps possible, improving efficiency and workplace safety at the same time. For manufacturers in the state of Utah, understanding technology advances is just as important in managing risks as is the role of Utah manufacturers insurance. By […]
Risk Exposures Faced by Today’s Manufacturers
In the consumer-driven world of manufacturing, companies within this broad industry face many risks. Manufacturing is a critical component of the American economy, producing goods for personal and commercial uses. From operational risks to liability exposures, all manufacturers must take the steps needed to identify potential risks and manage them accordingly. Utah manufacturers insurance is […]
