The metal industry is facing numerous challenges, among them global competition, requiring companies to focus on strategies to increase their productivity. Cutting costs, increasing cashflow and optimising processes are the main goals. This general trend often leads to outsourcing. And whenever resources are outsourced, knowledge and experience are lost.
In the iron and steel sector, the situation has become more acute due to industry-specific factors.
The general pressure of competition has grown with the increasing globalisation of markets. Stagnating demand, new producers from emerging countries, and the changing purchasing patterns of end customers have made competition much more intense.
Additionally, knowledge and experience gaps can occur as plant managers age and too few highly skilled young engineers are hired.