There are many keys to success for manufacturing companies
in America. Two that come to mind often
lately are research and innovation and they are very connected. This is true for the companies that
manufacture and sell fluid power components.
In fact, at this year’s National Fluid Power Association Annual
Conference in March, one of the speakers presented on the need for innovation,
including a need in fluid power technology.
I am speaking of research in more than one regard. On one hand, component manufacturers need to
continuously do research and development of products to create new and better
products. The next generation of fluid
power components is actually an ongoing development. The Center for Compact and Efficient Fluid
Power is one example of where fluid power research is being done and we have
reported on that in the pages of this magazine.
This type of research works very closely with
innovation. In order for component
manufacturers to develop products that answer the needs and demands of machinery
in today’s market, they need to do research.
They need to keep probing for lighter, faster, quieter, and better
components to compete in the U.S. and world market. It is my belief that our manufactures are and
will continue to win in this arena.
Another kind of research, the kind that we at H&P can
help with, is the kind that lets manufacturers know how to best approach the
marketplace. This type of research
involves marketing and advertising and our Marketing Services department was
created several years ago to help our clients with these kinds of
questions. We offer custom research that
asks questions like why and how do you buy?
We can help manufacturers to understand the market better.
We have produced some good market research studies recently. One is titled OEM Outlook that reviews the current state of the industrial OEM marketplace. Our Marketing Services can help our clients with tasks like
Search Marketing, SEO, and eListening. They can also
develop mobile apps and websites.
Equipped with information, fluid power component
manufactures can and have moved forward with new and more functional products
in the marketplace. They continue to
innovate and move our industry forward.
If you should receive a survey from us asking about the fluid power
industry and certain aspects of our technology, please help us out with your
answers.