ABB has released the results of its new survey, titled Value of Reliability, which found that 69 per cent of industrial businesses experience unplanned outages at least once a month.
According to ABB, this is costing the typical Australian business close to $349,000 per hour, compared to $194,000 globally. Despite this, 24 per cent of Australian businesses surveyed still rely on run-to-fail maintenance.
The survey, conducted by Sapio Research, gathered responses from 3215 plant maintenance decision-makers globally across a wide range of industries, including food and beverage manufacturing.
The findings demonstrate the importance of equipment reliability and maintenance. Globally, 92 per cent reported that maintenance has increased their uptime in the last year, with 38 per cent reporting an improvement of at least a quarter.
Peter Borg, ABB Motion Services’ sales manager, said, “95 per cent of maintenance leaders in Australia see potential in using an outcome-based maintenance strategy to support their overall business strategy.”
He said, “With this in mind, industrial businesses should aim to progress from a high-risk run-to-fail maintenance approach to a long-term outcome-based strategy.”
This outcome-based model to maintenance will help industrial businesses meet incoming emissions targets, and help overcome the industry skills gap.
This article was first published in the November-December 2023 print issue of Machinery Matters, p6.
