In the last several years, the financial success of many industrial-based businesses – including food and beverage, oil and gas, power utilities, manufacturing, pharmaceutical, cosmetics and others – has hinged on maximized productivity and streamlined production. For example, according to KPMG1, 42 percent of food and beverage executives feel losing share to lower-cost producers is the biggest threat to their business model, and 46 percent say costs of inputs or merchandise is the greatest threat to their company’s profit margins.
To optimize operations, these industries have invested in automated, sensor-heavy systems that help keep plants running at top capacity. These automated systems are critical to a plant’s performance and, as a result, businesses’ tolerance for downtime is at an all-time low. However, the hazardous settings of many of these industries, due to extreme pressure, temperatures, vibrations or other extreme conditions, increase the risk of system failure and downtime.
If a cord set or cabling component fails in a food or beverage processing2 facility, for example, the repair or labor costs alone could be 15-20 times the cost of the component itself, and, depending on the circumstances, some consumables may even need to be scrapped.
Downtime can also reach an astounding 500 hours annually, leading to overall costs that some studies put in the range of $20,000 to $30,000 per hour.
With hundreds of thousands, if not millions, of dollars, as well as the physical well-being of employees and equipment at stake, businesses in industrial settings require cabling components that are built to last, and can be depended upon. In this white paper, we outline the specific challenges connected systems face in these extreme industrial settings, the benefits of new solutions that help maintain uptime, and steps and strategies for finding the best products that meet your unique needs.