{"id":13894,"date":"2019-08-26T07:00:53","date_gmt":"2019-08-26T06:00:53","guid":{"rendered":"https:\/\/www.engineernewsnetwork.com\/blog\/?p=13894"},"modified":"2019-08-22T11:53:30","modified_gmt":"2019-08-22T10:53:30","slug":"five-steps-to-combat-market-uncertainty","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/","title":{"rendered":"Five steps to combat market uncertainty"},"content":{"rendered":"\n

Industrial automation and connectivity specialist Novotek UK and Ireland<\/a><\/strong> has created an infographic outlining five steps that businesses can take to combat market uncertainty. <\/p>\n\n\n\n

The infographic, which can be found here, offers practical tips for UK industrial businesses to remain resilient in the face of the uncertain market conditions presented ahead of Brexit.<\/p>\n\n\n\n

Uncertainty is one of few certainties in business. While it\u2019s not possible to predict or prepare for all shifts in consumer behaviour or economic conditions, businesses can improve their competitive position by implementing strategies such as diversifying the supply chain and making continuous efficiency improvements.<\/p>\n\n\n\n

\u201cDiversifying the supply chain is key during periods of uncertainty,\u201d explains George Walker, managing director of Novotek UK and Ireland. \u201cBy involving numerous suppliers and forging quality relationships, reliance on specific companies and markets is reduced. This will also help to minimise the need to stockpile during difficult periods.<\/p>\n\n\n\n

\u201cWith our infographic, we want to clearly identify practical tips that businesses can take on board. There\u2019s so much uncertainty surrounding Brexit, so instead of focusing on factors outside our control, we want to empower business leaders to make internal improvements.\u201d<\/p>\n\n\n\n

Novotek UK and Ireland has taken a firm stance on market uncertainty over the past year. <\/p>\n\n\n\n

The company has advised many industrial, energy and utilities companies around the country to avoid shrinking or suspending activity ahead of Brexit, and instead looking at how smarter technology and systems can help improve operational effectiveness and reduce operating costs.<\/p>\n\n\n\n

\u201cBy focusing on making continuous efficiency improvements, businesses can compensate for a hit to profits,\u201d continues Walker. \u201cFor example, improving the operational efficiency of a particular process system or assembly line might yield a minimum operating cost saving of between one and four percent, which could nicely offset a dip in profits.<\/p>\n\n\n\n

\u201cThe first step to identifying these areas for improvement in complex operations is by having an effective management system or software. A digital overview of production processes and outsourced operations can reduce inventory by offering better visibility of work in progress, supplier lead times and quality data. Having an effective MES enables a swifter adaptation to challenges.\u201d<\/p>\n\n\n\n

For more tips, businesses can download Novotek\u2019s five steps infographic “>HERE<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Industrial automation and connectivity specialist Novotek UK and Ireland has created an infographic outlining five steps that businesses can take to combat market uncertainty.  The infographic, which can be found here, offers practical tips for UK industrial businesses to remain resilient in the face of the uncertain market conditions presented ahead of Brexit. Uncertainty is …<\/p>\n","protected":false},"author":1,"featured_media":13895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[198,1550,1758,7050,5125],"class_list":["post-13894","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-process","tag-brexit","tag-connectivity","tag-industrial-automation","tag-market-uncertainty","tag-novotek-uk-and-ireland"],"yoast_head":"\nFive steps to combat market uncertainty - Engineer News Network<\/title>\n<meta name=\"description\" content=\"Industrial automation and connectivity specialist Novotek UK and Ireland has created an infographic outlining five steps that businesses can take to combat market uncertainty\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five steps to combat market uncertainty - Engineer News Network\" \/>\n<meta property=\"og:description\" content=\"Industrial automation and connectivity specialist Novotek UK and Ireland has created an infographic outlining five steps that businesses can take to combat market uncertainty\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/\" \/>\n<meta property=\"og:site_name\" content=\"Engineer News Network\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-26T06:00:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2019\/08\/NOV008-Production-line.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1938\" \/>\n\t<meta property=\"og:image:height\" content=\"1453\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/#\\\/schema\\\/person\\\/4477342aea8e299c6a21761e513ea8e1\"},\"headline\":\"Five steps to combat market uncertainty\",\"datePublished\":\"2019-08-26T06:00:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/\"},\"wordCount\":375,\"image\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/NOV008-Production-line.jpg\",\"keywords\":[\"Brexit\",\"connectivity\",\"industrial automation\",\"market uncertainty\",\"Novotek UK and Ireland\"],\"articleSection\":[\"Process\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/\",\"url\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/\",\"name\":\"Five steps to combat market uncertainty - Engineer News Network\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/NOV008-Production-line.jpg\",\"datePublished\":\"2019-08-26T06:00:53+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/#\\\/schema\\\/person\\\/4477342aea8e299c6a21761e513ea8e1\"},\"description\":\"Industrial automation and connectivity specialist Novotek UK and Ireland has created an infographic outlining five steps that businesses can take to combat market uncertainty\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/NOV008-Production-line.jpg\",\"contentUrl\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/NOV008-Production-line.jpg\",\"width\":1938,\"height\":1453,\"caption\":\"Specialist advises on managing market uncertainty\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/five-steps-to-combat-market-uncertainty\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Five steps to combat market uncertainty\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/\",\"name\":\"Engineer News Network\",\"description\":\"The ultimate online news and information resource for today's engineer\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/#\\\/schema\\\/person\\\/4477342aea8e299c6a21761e513ea8e1\",\"name\":\"admin\",\"url\":\"https:\\\/\\\/www.engineernewsnetwork.com\\\/blog\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Five steps to combat market uncertainty - Engineer News Network","description":"Industrial automation and connectivity specialist Novotek UK and Ireland has created an infographic outlining five steps that businesses can take to combat market uncertainty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/","og_locale":"en_GB","og_type":"article","og_title":"Five steps to combat market uncertainty - Engineer News Network","og_description":"Industrial automation and connectivity specialist Novotek UK and Ireland has created an infographic outlining five steps that businesses can take to combat market uncertainty","og_url":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/","og_site_name":"Engineer News Network","article_published_time":"2019-08-26T06:00:53+00:00","og_image":[{"width":1938,"height":1453,"url":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2019\/08\/NOV008-Production-line.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/#article","isPartOf":{"@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/"},"author":{"name":"admin","@id":"https:\/\/www.engineernewsnetwork.com\/blog\/#\/schema\/person\/4477342aea8e299c6a21761e513ea8e1"},"headline":"Five steps to combat market uncertainty","datePublished":"2019-08-26T06:00:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/"},"wordCount":375,"image":{"@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/#primaryimage"},"thumbnailUrl":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2019\/08\/NOV008-Production-line.jpg","keywords":["Brexit","connectivity","industrial automation","market uncertainty","Novotek UK and Ireland"],"articleSection":["Process"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/","url":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/","name":"Five steps to combat market uncertainty - Engineer News Network","isPartOf":{"@id":"https:\/\/www.engineernewsnetwork.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/#primaryimage"},"image":{"@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/#primaryimage"},"thumbnailUrl":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2019\/08\/NOV008-Production-line.jpg","datePublished":"2019-08-26T06:00:53+00:00","author":{"@id":"https:\/\/www.engineernewsnetwork.com\/blog\/#\/schema\/person\/4477342aea8e299c6a21761e513ea8e1"},"description":"Industrial automation and connectivity specialist Novotek UK and Ireland has created an infographic outlining five steps that businesses can take to combat market uncertainty","breadcrumb":{"@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/#primaryimage","url":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2019\/08\/NOV008-Production-line.jpg","contentUrl":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2019\/08\/NOV008-Production-line.jpg","width":1938,"height":1453,"caption":"Specialist advises on managing market uncertainty"},{"@type":"BreadcrumbList","@id":"https:\/\/www.engineernewsnetwork.com\/blog\/five-steps-to-combat-market-uncertainty\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.engineernewsnetwork.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Five steps to combat market uncertainty"}]},{"@type":"WebSite","@id":"https:\/\/www.engineernewsnetwork.com\/blog\/#website","url":"https:\/\/www.engineernewsnetwork.com\/blog\/","name":"Engineer News Network","description":"The ultimate online news and information resource for today's engineer","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.engineernewsnetwork.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.engineernewsnetwork.com\/blog\/#\/schema\/person\/4477342aea8e299c6a21761e513ea8e1","name":"admin","url":"https:\/\/www.engineernewsnetwork.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/posts\/13894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/comments?post=13894"}],"version-history":[{"count":3,"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/posts\/13894\/revisions"}],"predecessor-version":[{"id":13900,"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/posts\/13894\/revisions\/13900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/media\/13895"}],"wp:attachment":[{"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/media?parent=13894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/categories?post=13894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.engineernewsnetwork.com\/blog\/wp-json\/wp\/v2\/tags?post=13894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}