Restronics Northland
We offer a consultative approach to representation of our Manufacturer Partners. We are here to help you find the solutions you're looking for in the PCB and Medical Device manufacturing industry.
We appreciate you taking the time to visit the Restronics Northland website. We designed this site to be a valuable tool for all: Our Manufacturer Partners, our Distribution Partners, and of course, our Customer Partners.
Our website is made to educate, inform, and to serve as a hub to get inspired and sharing your experience with us. It is crucial to me that it is helpful to you. So, if you have any questions, things you want to discover, or, just want to leave us a comment, I invite you to do so.
Regards,
-- Ralph
Ralph Savage
Managing Partner, Restronics Northland
Our Fargo Team represents some of the leading product lines in the electronic manufacturing equipment and supplies industry.
Our goal is to discover and represent the ideal solution for your electronic and medical equipment manufacturing equipment and supplies. Let’s talk and discuss your needs.
Electronic Manufacturing Industry Statistics and Growth Projections
The trends below mean that there are many of factors influencing the industry. The following are several important stats that have been highlighted because of this. Just some of the most notable include:- Hourly downtime impacts many businesses, with as many as 98% stating it can cost them at least $100,000 per hour.
- Predictive maintenance can decrease expenses by 20%.
- Unplanned outages can be reduced by up to 50% by implementing predictive maintenance.
- 72% of large companies require 99% minimum uptime.
- The industry is expected to grow by roughly 8% by 2025.
- 50% of IoT spending is set to be focused on transportation, logistics, and discrete costs.
- 40% of IoT customers prefer dealing with an established company.
- 63% of companies believe IoT device investment will increase profitability.
- 3/4 of companies will have digitized their supply changes by 2021.
- Close to 1/3 of companies have already implemented IoT into their devices.