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Cutting Edge Technology Manufacturing & Engineering

How Did the Covid-19 Pandemic Create an Impact on the Global Water Jet Machine Market?

In the last quarter of December of 2019, the Covid-19 scare was still brewing in China’s Wuhan province. When the outbreak started, it immediately spread to around 100 countries at such an alarming rate of infection, wreaking havoc, and death to affected regions. News organizations from around the world took notice of the event which has prompted the World Health Organization to declare a public health emergency.

The effects of coronavirus disease (Covid-19) is likely to leave a huge impact on a global scale. After spreading to around 100 or so countries, it certainly is going to create a ripple effect in the global economy affecting various industries without any exception.

This means that it will hurt the water jet machine sphere. This covers the industries that depend on it and the businesses whose core operations rely on it.

Experts anticipate 3 distinct ways in which the Covid-19 scare will affect the global economy. First, it will have a direct impact on production and demand. Second, it will disrupt the market and supply chain. Third, it will bring about losses on firms and will pull down financial markets, too.

We have also witnessed how this pandemic affected our lives in so many ways, from community quarantines to flight cancellations, travel bans, and closed business establishments. We even need to put restrictions on conducting indoor events and other similar social gatherings.

More than 40 countries have declared a state of emergency and the stock market suddenly became volatile. It also caused business confidence to plummet, inducing panic, and unrest to the majority of the population. Thus, what we are facing now is going to bring us an uncertain future.

A Bleak Future for the Water Jet Machine Industry?

As weeks and months go by without any sign of hope that the coronavirus pandemic will be over soon, it will continue to shape and transform our city life. In the absence of the right and effective vaccine against this virus, the majority of these unpleasant disruptions we are experiencing now are likely going to become permanent. It has overwhelmed our community hospitals and is crushing commerce.

It is also restricting our access to different kinds of spaces, shunning people to remain inside their homes.

water jet machine
Brand New Water Jet Machine

Needless to say, the priority we have right now is to save the lives of those who’ve been infected by the virus. Coming next to this, we must not leave behind the delivery of essential services and keep the law and order visible for everyone to see.

In the meantime, the waterjet industry needs to keep itself at pace with the growing demand for microsized parts and components of medical machineries and tools. They need to provide hospitals and other similar health institutions a steady supply of personal protective equipment, from face masks to laboratory gowns.

There is also a surge on the demand for respirator machines. Massive productions of which are inevitable and to fill in the void in this area, independent but accredited manufacturers need to come into the picture. The use of water jet machines here will help in the production of parts and components, without having to risk putting quality in compromise since this material cutting system is known for its precision and quality.

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Manufacturing & Engineering

What to Keep in Mind When Shopping for Drill Rigs for Sale?

If the core operations of your enterprise are highly dependent on mineral drilling works and exploration, you must have ready and quick access to drill rigs for sale. In the absence of the right pieces of equipment and drill rigs, you will have a hard time winning projects and completing contracts. Hence, your company is not going to generate any revenue at all.  

When planning to buy a new drill rig system, know that it is going to be a major decision to make. To come up with a viable conclusion on what drill equipment to acquire, there’d be several variables that you will need to consider first. 

The first thing you need to assess is the financial capability of your company. Is acquiring or investing in another piece of equipment, which is a major expense, viable at the moment? Assess the current financial standing of your organization if it is in a position to engage in the purchase of equipment without putting a strain on the company’s financial health. 

Remember those times, though not very recent, when everyone around the globe was severely impacted by an economic slump? That kind of scenario happening will leave the vast majority of drill rigs in the country idle for a significant amount of time.

Faced with great uncertainty as to when and how things would turn back up again or in the absence of solid measures in place to help everyone recover, the important parts and components of drill systems are cannibalized. This is done to help keep them actively working and running.  

By taking such actions, these drill rig operators can maintain their rigs in working condition, eliminating the need for them to consider investing in new rigs. By the time that the economy is up again and has dynamically recovered, these drilling contractors can now engage in relevant decisions concerning their fleet. 

That is if they should carry on in rebuilding their rigs which have remained idle for some time or if it is going to be more practical and viable for them to invest and acquire new drill rig systems instead.  

drilling rigs

Should you determine that costs for rebuilding efforts for your drill rig are not far behind with what you need to spend on acquiring a brand new drill system, you may need to employ a full-blown audit for this. Such an action will help you determine which among the two options would be the most viable and practical option to take, which is indeed a tough call decision to make. 

Therefore, careful and cautious actions should be taken here such as when performing verification efforts on maintenance records, carrying out technical inspection routines on drill rigs and systems, or assessing what specific spare parts are still left on stock. These measures allow for making a fairly accurate cost comparison with regard to the possible amount it might take to get those drill rig systems up and running again.  

New Technology

Acquiring drill rigs for sale and making them work alongside your much older fleet will take you a step closer to being more productive. Newly acquired drill rigs are naturally more efficient, thus giving your drill operations a more competitive edge.  

Newly established drill rigs offer more reliable uptime. Another good thing about them is they usually come with a variety of safety features which is a complete contrast to older rigs.  

Availability

Whether you are trying to aim for rebuilding your drilling rig system or come up with a new one, while the market is improving you’ll see longer lead times. Nonetheless, if it is on the low, manufacturing companies will not preoccupy themselves with the building of new rigs and lead times would be reduced. 

Resources

This is not just about the costs. We have a handful of things to consider here. For instance, we need to factor in whether the drilling company has the time and the necessary skills to carry out a major overhaul work on the rig if it has remained inactive for a significant amount of time. 

Generally, it would take about 3-4 months to carry out a major overhaul work on a drill rig system. Coming alongside this, the project will necessitate facilities, labor pool of qualified mechanics, and tooling systems. Of course, this can’t be met with success in the absence of technical expertise to get the drill rigs system mobilized again for any upcoming drilling projects. 

Conclusion

There are increasing safety requirements for mining sites. A newly acquired drill rig can easily cover those safety requirements which may not be possible with older, more seasoned rigs. Often, this is the underlying reason why drilling contractor would be losing a contract award or a drilling project.