Lambert Internet of Things (IoT) boost turnover by 21% for manufacturer
UK - The Internet of Things (IoT) and the use of digital skills has helped a North Yorkshire manufacturer boost turnover by 21% in the last 12 months.
Provider of automation systems, equipment engineering and precision components, Lambert has recorded an annual sales rise to £22.6m, with 80% of equipment built now being exported to customers in Europe, North and South America and the rest of the world, the company says.
According to Lambert, growth has been recorded in fast moving consumer goods (FMCG) and medical markets, where the company’s new cloud based “Omni Feeder” technology has been fundamental in securing new contracts.
Lambert was chosen by the EEF to host its latest Manufacturing Connect event held at its Tadcaster headquarters, which provided over 80 delegates with an insight into the growing Impact of the 4th Industrial Revolution (4IR).
“2016 was all about investment in our people and new technologies that will continue to give us a competitive advantage over our rivals…the good news is it appears to be a formula that is working, with more than £4m of new sales already delivered in the first quarter of 2017,” explained Mike Lewis, associate sales director at Lambert.
“However, you can’t stand still in what we do and similar levels of investment have been directed into ensuring we are at the forefront of cloud-based automation and cyber physical connectivity.”
He continued: “The consumers desire to personalise and constantly refresh their purchases is driving manufacturers to request automation solutions that are suited to provide lower batch sizes and to be configurable with zero downtime. There is also a growing demand for higher productivity that means an ever increasing need to have real time performance data in various locations.”
EEF Consultancy Director Martin Strutt said: “4IR is happening and the UK’s success in this global industrial transformation will hinge on manufacturers’ strategies and ambitions. 4IR goes far beyond simply investing in new technologies and techniques – this new era requires cultural shifts, new business models and the ability to adapt and innovate.
“Manufacturers are ready to do the heavy lifting, but their efforts must be supported across the sector and supply chains are backed up by Government through its new industrial strategy. If we get this approach right, then the UK can expect to be at the forefront of this global industrial wave.”
Lambert is expecting turnover to grow again in 2017 and, whilst a large number of contracts are again for customers overseas, there is one UK manufacturing plant that is investing approximately £6.6m in automation that will be 4IR ready.