The Ten Biggest Challenges for Tool and Mould Makers in Europe

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6. Increasing time and cost pressure requires adjustments

As OEMs set their time-to-market to ever shorter intervals, tool and mould makers also find themselves in this tight schedule. However, they often have to accommodate unplanned delays, changes and correction loops in an already very tight time budget. This requires them to adopt processes that are much more efficient and streamlined.

Classic toolmakers of past decades were brilliant technicians, but their commercial side was often not very well developed. With margins in the double-digit range once common in the industry, this was not even necessary a few decades ago. If you miscalculated by a few percentage points, it was no big deal. It is true that today’s company leaders in the tool and mould making industry typically have a background in business management. However, their margins have long been in the lower single-digit range. Today, a few percentage points in the calculation make the crucial difference between red and black figures.

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