With the constant evolution of the market, modernizing processes in the textile industry has become a great necessity, especially for those who want to reduce costs and make production more efficient and safe.
However, anyone considering investing in new technologies is always looking for a good ROI.
Therefore, in this content you will see the main aspects influenced by the modernization of the industry and which impact the return on investment, as well as tips for modernizing your processes. Check it out!
Why modernize processes in industry?
If you’re looking to understand if the investments made are bringing good returns, know that modernizing processes in the industry is a crucial action to improve your ROI.
Modernization is one of the textile sector trends which needs to gain the attention of industries, especially businesses seeking to recover from the crisis.
The economic problems generated from 2020 with the Coronavirus crisis impacted various sectors, including textiles. The answer to business recovery in post-pandemic scenario, is, without a doubt, in industrial modernization and automation.
The concept of industry 4.0 was seen as something distant, a future project for companies. However, it has now ceased to be a trend to become a latent necessity. The adaptation of industries to new technologies could have minimized the impact of the crisis and facilitated the resumption of activities.
Now, for those who were not yet attentive to these changes, it is time to prioritize innovation and automation in the industry.
Modernizing textile processes contributes to various factors, such as better activity control, optimization of production lines, and reduction of failures. Below, we have gathered some of the main benefits you will have when modernizing processes in your industry.
Greater productivity and efficiency
One of the greatest benefits of technology is undoubtedly the increase in productivity. Modernizing your equipment allows you to expand your production without creating bottlenecks and compromising quality.
An automated machine has enormous repeatability potential, ensuring production with precision and efficiency.
Furthermore, by contributing to the reduction of failures, more modern machines avoid rework in the industry.
Quality is guaranteed by technology
Another advantage of modernization is being able to accelerate production while maintaining quality of the final product.
With greater precision in activities, provided by technology, it is possible to guarantee standardization in the pieces, an essential aspect for textile production.
Not only is the industry’s efficiency elevated in this way, but also the credibility of the brand in the market.
Greater safety for your employees
In addition to directly contributing to the quality and productivity of industries, modernizing processes also makes work much safer in the factory.
With modern technology and equipment, it is possible to significantly reduce risks within the industry, and even accidents.
Furthermore, the company can thus comply with NR12, a regulation that governs safety practices in the industry.
Competitiveness in the sector
With these benefits, you must have already realized that modernization has a significant influence on the industry’s performance in the market.
By investing in new technologies, you stay ahead of your competition and can meet the new demands of consumers, in addition to gaining greater added value.
The fact is that in this new reality, those who do not adapt will lose space and stagnate.
Cost reduction
One of the common objectives in the textile industry is the cost reduction.
Perhaps the initial investment required to modernize your equipment may seem too high, but in the medium and long term you will see the results of this change.
However, in the short term it is possible to feel a positive impact with modernization. The return on this investment can come through several factors, from increased efficiency to reduced costs due to fewer production failures. Still, another point that will be noticed is the reduction in energy costs, machine downtime and better use of human strength.
More efficient maintenance
Old machines tend to require a lot of corrective maintenance, creating major bottlenecks in textile production, and consequently, financial losses.
As you can see in the video, stopped machines represent a risk for the industry. In the example presented, a machine that is idle and incurs a cost of R$ 500.00 per hour will result in a loss of R$ 4,000.00 at the end of a day’s work.
In this sense, more modern and quality machines will contribute to the reduction of unplanned maintenance, preventing your production from stopping without planning.
Business growth
Finally, we can cite as one of the greatest benefits the growth of the business in the textile sector.
Investment in new technologies has become essential and will increasingly prove to be a key factor for the expansion of industries.
In the following topic, you will see how the market is moving towards industrial modernization.
Market movement towards industrial modernization
According to the website Management, the industry will have R$ 80 million to modernize its production process. The website points out that the Ministry of Science, Technology, and Innovation (MCTI) and the Brazilian Company for Industrial Research and Innovation (EMBRAPII) launched the MCTI/EMBRAPII Innovation Network in Digital Transformation.
The goal of the network is to enhance Research, Development, and Innovation (R,D&I) projects and encourage the use of technologies applied to the national production process. In five years, the goal is for at least R$ 80 million to be made available for projects in the Brazilian industry. Check out the expectation outlined by the portal:
“The financial support from EMBRAPII to company projects may reach up to 50% of the total value with non-refundable resources. The expectation is to leverage the invested resources and, in five years, generate more than R$ 160 million in innovation projects, as the EMBRAPII funding model requires financial counterpart from the business sector.
In addition to the resource, coming from the Informatics Law and the Rota 2030 Program, the network formed by 22 EMBRAPII Units will provide qualified professionals and cutting-edge equipment for the development of innovative products and the modernization of production processes in any industrial segment.”
What is ROI?
We’ve already talked about how modernizing processes in the industry can contribute to a good ROI, but we need to really understand what that means.
The acronym refers to Return on Investment, an essential metric for managing any business.
The calculation of ROI is made from the total revenue, subtracting it from the costs, and dividing this result also by the costs.
Applying this calculation to the investment planning of the industry assists managers in predicting returns. In this way, the company gains more security when investing in new technologies for textile production.
A good example of how modernization in its equipment can bring excellent returns is this case from Objeto Brasil.. With an unproductive process due to the raw material used, the company was losing approximately R$ 500 thousand per month.
With the use of automation, process improvement, and the exchange of the conventional method for the current method of dimensional change evaluation, the industry was able to achieve the following returns:
- 75% reduction in monthly fabric consumption;
- Waste reduction generated a monthly saving of R$ 15,161.52;
- Reduction of R$ 311.52 in monthly electricity consumption due to the use of an innovative machine.
Understand how to modernize your processes in the textile industry
Make the most of available technology
The first step to achieve results like those presented above is to accept technology as an indispensable ally in your company.
Make the most of all the possibilities that innovation and Industry 4.0 offer. To do this, stay updated on new market solutions and whenever possible, invest in modern machines and processes.
Align industry processes
For technology to fulfill its role, it’s important that overall industry management is well aligned.
Processes are what allow the company to meet all its demands with the necessary quality and efficiency.
Therefore, seek to define internal processes that facilitate production in an organized and rapid manner, contributing to the company’s operation.
Identify production bottlenecks
Do you know what bottlenecks are preventing your production from performing as expected?
Being able to identify these problems is a great opportunity to find what can be improved in your processes. When faced with a bottleneck that hinders your production, seek the type of solution that could address such an issue.
In these cases, modernizing machinery is often an excellent alternative to improve production flow.
Set your growth and return on investment goals.
This is another fundamental step for those who want to obtain a good ROI with the modernization of equipment and processes. Ultimately, how can one determine if the industry has succeeded in its investment if the goal to be achieved has not been defined?
Therefore, when starting your modernization process, don’t forget to establish your goals. In addition to financial return, consider the company’s growth objectives. For example, with a 15% increase in production efficiency, how much could your industry expand in the market?
These data are essential for evaluating your ROI.
Let’s modernize your textile industry?
Modernizing processes in the industry is a natural market movement as technologies evolve. Therefore, it is important to stay alert and ensure that your company follows this trend to maintain its growth.
In this article, you have seen the importance of investing in new technologies and modernizing your processes to maintain competitiveness in the textile sector.
Furthermore, we have presented how you can ensure a good return on investment and the other benefits that modernization provides.
If you want to better understand how you can apply all of this in your industry, check out our article and learn about Delta production cycle consultancy!
