The result of the recent elections brings to mind the analogy of dialysis which is performed when one´s kidneys can no longer take care of the needs of the body. The trials and tribulations the whole country passed through due to the so called policy paralysis made it imperative to infuse fresh blood into the fragile body, to revitalise and reenergise the whole system. And, that´s the emphatic verdict has done. In a way, this is a historic opportunity for the new government to kickstart the economic growth.
As regards to the massive infrastructure needs of energy, transportation, mining, construction, shipping, and a host of other infrastructure sectors, this government's clear and decisive policy direction and proactive de-bottlenecking in select areas are keenly awaited. While the new government would be expected to address the daunting task of restarting the wheels of manufacturing and infrastructure expansion, the industry believes that monopolies in sectors like coal, railways, etc have long outlived their rationale and need to be brought under larger public-private collaboration. The overall investment climate has to be revived through proactive fiscal and financial initiatives and banking system's recapitalisation merits urgent attention for its needed revitalisation.
At the ground level, improving cost efficiency has become one of the most challenging aspects for any business in an intensely competitive market. Fuel consumption of heavy off-road equipment accounts for a significant portion of the total fuel usage; so improving efficiency has become crucial. From the commercial point of view, money saved on fuel also improves a company's bottom line. Today, most of the OEMs while trying to innovate and adopt the latest trends, are in a continuous process of improving the productivity of the machine. OEMs like Volvo have already started developing smart machines that are aware of the operator´s workload and can adapt accordingly. By allowing the machine to take over as much as is possible, the operator can focus on the job at hand resulting in increased productivity, fuel efficiency and safety.
That said, technologically advanced equipment have higher initial costs - in case of additional advanced features, the impact on price will be about 10 per cent. However, in terms of superior lifecycle value, they always provide lower lifetime costs, better efficiencies and markedly enhanced throughput. Moreover, cost efficiency can also be achieved by optimising the man-machine interface, ´correcting´ the usage patterns, and packaging solutions that take care of meeting clients' business needs around project costs, top-line and bottom-line impact, and overall cost of ownership.
So, there is a lot to think about when operating construction equipment from meeting productivity targets to safety and working in the most fuel efficient way - in the current scenario where there is a perceptible shift of end-user segments towards value additions and more dependency on back-up support from OEMs. Read on for more such useful perspectives on improving efficiency in this edition.