Manufacturing Business Pitfalls (And How To Avoid Them)

Manufacturing businesses face a host of challenges on a daily basis. That’s because they are frightfully complex and require many moving parts to fall into place for them to work properly.
Firms in the sector can fall into
all kinds of traps but, fortunately, most of them are avoidable. In this post, we run through some of the pitfalls that you’re likely to face and what you can do about them.
Lack Of Competent Employees
A lack of competent employees is a serious issue at many of today’s leading manufacturing firms. Gone are the days when manufacturers sought out low-skill labor for their facilities. Today, highly-skilled workers are in demand.
Unfortunately, the majority of
manufacturing facilities are understaffed. Firms can’t find the employees they need to keep their operations running smoothly.
The solution here is to train existing employees to become more skilled. Having an in-house development program will enhance your ability to fill positions and stop you from always having to look elsewhere to attract talent.
Following Trends In Consumerism

Manufacturers also have another issue: following consumerist trends too closely.
Consumers are liable to change their buying habits from time to time. One minute, they want hand sanitizer, the next they want bidets.
These changing trends can make manufacturers feel like they have to flow with the changing times. Every month or so, they need to retool their factories to respond to demand.
The trick here is to only go halfway. Yes - react to medium-term changes in consumer preferences, but make sure that you charge a premium to cover the extra costs. Also, research the market so that you can predict trends before they happen, allowing you to anticipate at low cost, instead of react at high cost.
Accepting Long Lead Times
Whether you’re buying
rubber extrusion profiles to make doors or chips to make tablet computers, long lead times can drag you down. Waiting for weeks - sometimes months - for goods to arrive hampers your processes and forces you to make late deliveries to customers.
The only way to shorten lead times is to experiment and switch suppliers. In many cases, you can find parts vendors who can provide you with the items you need in less than 30 days - and sometimes faster.
Scaling Your Business Too Soon Or Too Late
Scaling your business too soon or too late is another major pitfall that manufacturing companies sometimes encounter.
Growing too quickly can sometimes mean that you expand before the market is able to fully support you.
The trick here is to ensure that the products that you are making right now are as close to perfect as they can be. The next step is to scale behind consumer demand, raising prices if necessary. The goal is to ensure that the increased demand isn’t just a flash in the pan but something that is going to last.
Selling internationally can sometimes seem like a good idea. However, it comes with a range of additional costs that you might not predict.









