The current global economic situation continues to result in rising raw material and production costs, which understandably creates a major challenge for many companies: the calculations simply no longer fit. We have dealt with these issues in order to be able to continue to offer our customers the best possible solutions.
The rising cost of raw materials and production is a major challenge for many companies, including B&W Engineering. But through forward-looking planning, innovative solutions and strategic partnerships, we are able to offer our customers optimal and cost-efficient solutions even in these difficult times. Our flexibility, our broad network and our commitment to quality and sustainability make us a reliable partner for our customers. Together we overcome the hurdles and successfully shape the future.
The increased raw material prices and production costs lead to higher manufacturing costs for the products of our partners and customers. In order to take this development into account at an early stage and avoid negative surprises, we calculate possible cost increases as early as the development phase and develop strategies to mitigate them. This allows us to react to rising costs in the value chain in series production and thus relieve our customers: The calculation is valid! The general increase in these costs means that we have developed internal processes to meet the specified budgeting. This eases the cost situation, but in return still guarantees the high quality of the products.
The supply chain issue is a crucial point for optimization. Supply chain optimization is the lever to reduce costs and ensure the availability of raw materials, and long-term contracts with suppliers can guarantee stable prices. Here, too, we have been able to build up a broad and efficient network. The research and use of alternative materials that can be processed more cost-effectively or efficiently are also our topics.
Sustainability and reusability are important criteria for making the value chain greener in addition to efficiency. By optimising product design, material use and production costs can be reduced without compromising quality. In order to counter rising costs, we are also increasingly focusing on automation and optimized production processes. Automation technologies can reduce production costs in the long term and also increase productivity. Our goal is to integrate these technologies already in the development phase in order to avoid later adaptations and high investment costs. In addition, the innovative strength at B&W is an essential part of our strategy to counteract the increased costs. This includes both material innovations and the optimization of product design. The use of alternative materials that are more cost-effective and sustainable is a step in the right direction. In addition, we are continuously working to improve the design of our products in order to reduce the use of materials and production effort without compromising quality.
Innovation? This also means service: By expanding our business model to include services such as consulting, consulting or training, we can help our customers achieve higher margins. We develop premium products in a targeted manner or tap into market areas where price pressure is less severe. Through targeted market analyses, we identify potential and develop solutions for our customers that continue to ensure good margins in terms of niche or premium.
