metal fabrication services

How Does Adaptation to New Market Demand Accelerate Growth?

In response to ever-changing markets and demands, industries must adapt. Otherwise, it puts businesses at risk of losing customers, which can lead to failure. Although adaptation applies to every industry, it’s particularly critical for manufacturing. One such industry that regularly keeps up with market changes is metal fabrication in Toronto.

Different Manufacturers Adapt in Unique Ways

Manufacturers provide a host of services, which makes each of them unique. A company that offers sheet metal fabrication near me might adapt differently than one close to someone else. However, the goal is to make healthy decisions that increase growth.

Challenges that Manufacturing Companies Must Overcome

While manufacturing companies face several different challenges, here are a few of the most common.

Finding Skilled Labor

Manufacturers struggle to find qualified workers even with job openings everywhere. Regardless of the specific service, such as welding, die casting, or metal bending, Toronto fabrication manufacturers state they don’t have enough skilled people.

To resolve this, some of the leading companies that offer services for metal fabrication in Toronto found a solution. Rather than spend valuable time and money looking for laborers, they’re utilizing their current staff more efficiently, through cross training and investing in their current employees.

Disruption in the Supply Chain

Whether this involves a search for “sheet metal fabrication near me” or another party, the challenge remains the same. A lot of this began with the COVID-19 pandemic. However, it only worsened due to issues within the trucking industry. One report showed that 56 percent of metal fabrication manufacturers experience longer than usual lead times.

Even with the pandemic settling down and the trucking industry becoming more stable, many companies that offer metal fabrication in Toronto turned to advanced technology.

Inaccurate Inventory Management

One in four of the companies that offer prototyping, die casting, or metal bending in Toronto deal with poor inventory management. The top-rated manufacturers now use various digital transformation strategies to prioritize management. In some instances, they increased the use of automation.

End-to-End Traceability

Many companies in fabrication and similar industries face a problem with point A to point B traceability. With increasing market demand, some of the leading manufacturers use integrated data insights. First, this drives production. Second, it allows laborers to work faster and more efficiently without jeopardizing quality.

We Adapt to Ensure Customer Satisfaction

At Promark Tool and Manufacturing, Inc., we take every opportunity to adapt when needed. Here are some important ways we’ve adapted to industry changes and demands.

  • Customization – We don’t rely on automation for customization since this involves creating one-of-a-kind products.
  • Lead Time – To improve on lead time, we purchase various materials at a higher cost through different suppliers.
  • End-to-End Traceability –Promark, a reputable company for metal fabrication in Toronto, relies heavily on accurate supplier information. Typically, we know the origin of the metals thanks to supplier documentation.

To learn more about our professional services, contact Promark Tool and Manufacturing today.