Page 7 - Supply Chain Solutions
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 SUPPLY CHAIN NEWS
Brexit Business Reviews available for GTMA suppliers with 35% grant funding
GTMA has teamed up with independent experts to help members navigate the Brexit process.
Under the initiative there are 35% funding grants available, subject to eligibility, for com- panies to have individual Brexit Business Reviews to help their business prepare.
Investing time and resources to get your 'What if?' scenarios planning done is impera- tive. It's not about changing a successful business model.
"It's about how best to maintain and opti- mise it," says Andy King, who advises SMEs on their Brexit plans. "It's time to get tactical now.
"Two of the most commonly asked questions SME owners ask are: When do I need to take action and how will my business be impacted."
It's vital that SMEs act now to ensure they allow enough time to adapt to the new trad- ing and regulatory landscape.
Deadline for support grants is the end of March and, he says, 44% of SME business- es are not aware of funding being available, while others think it's not applicable or too complex.
Customers who have gone through the process include a growing manufacturing company in the Midlands whose MD, Scott,
said he views it as an insurance policy.
"Investing in getting our Brexit plans A, B and C in place has clarified the situation, reduced our commerical risk and allowed me to focus on other current issues."
Martin, a CEO in Twickenham, says the process felt like a good spring clean. It gave him the chance to update terms and condi- tions and highlighted improvements they could make by exporting beyond the EU and poten- tial new UK customers considering reshoring.
More information from GTMA on 0121 392 8994 or email admin@gtma.co.uk or contact Andy King on 07976 671348, email andy.king@red-management.com
 Mazak chosen for UK government flagship 5G factory initiative
 Yamazaki Mazak has been chosen as one of a select few UK companies to act as a ’testbed’ for the deployment of next-gen- eration 5G technology, with a view to improving commercial digital infrastruc- tures and ultimately boosting productivity across the UK industrial sector.
5G is set to become the industry standard for connectivity in the future. With potential speeds of up to 10 gigabits per second, it could allow for industrial automation systems to operate at as-yet-unseen speeds.
It will also increase the speed of real-time analysis, meaning quicker reactions to any red flags and reduced downtime.
GTMA supplier Mazak is part of the Worcestershire 5G consortium, and was chosen due to its pioneering work to date in implementing Industry 4.0 design principals throughout its portfolio of machine tools and CNC technology.
The consortium has been granted £4.8m in government funding to conduct the 5G Testbed trial. The funding will be used to gauge how faster internet speeds can improve industrial productivity and advanced cyber security, via increased investment in
Yamazaki Mazak's European Headquarters in Worcester will be used for 5G manufacturing.
next-generation technology.
This will include experimenting with preven- tative and assisted maintenance techniques using robotics, big data analytics and aug- mented reality, at the company's European Headquarters, in Worcester.
Marcus Burton at Yamazaki Mazak, said: "Manufacturers across the UK and beyond are now reaping the productivity rewards of greater connectivity among their industrial equipment. Industry 4.0 centres on the key design principals of interoperability of machines and devices, greater data trans- parency, technical assistance and decen- tralised decision making.
“We are starting to see these factors become more common place among UK
manufacturers, but current internet speeds can only take us so far.
"The 5G Testbed represents a hugely excit- ing opportunity to drive further productivity growth, and facilitate even faster data trans- fer and analysis for manufacturers. It can only be a positive investment for the UK's industrial sector.”
Mark Stansfeld, Chair of Worcestershire Local Enterprise Partnership and 5G lead for Midlands Engine, said: "5G connectivity is set to revolutionise the way that businesses operate in future in the UK.
“The Worcestershire 5G Consortium is delighted to be working with Mazak to test new technologies that will have an extremely positive impact in allowing businesses like theirs to create new innovative products, raise productivity and improve economic growth."
Margot James, Minister for Digital and the Creative Industries, said: "I look forward to seeing how 5G connectivity will fuel the Midlands Engine - unlocking growth, increasing productivity and bringing wider benefits for our citizens and communities."
www.mazakeu.co.uk
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