Equipment Maintenance Still Required During the COVID-19 Pandemic

We are facing unprecedent times with the COVID-19 Pandemic, with virtually every person and company around the world impacted by this terrible event. Production rates are underperforming all estimations or in some cases industrial plants are even completely closed.

In this scenario, managers are pressed to save money and it is perfectly normal that they are trying to cutting all of their short-term costs, including maintenance expenses, making changes to established preventive procedures. Yet is these the best balance when thinking in the medium term?

In this article, Ralph Rio assesses this moment and provides some examples of where short-term cost cutting could result in revenue losses with unplanned downtime, for example. He also explains why those companies with well-maintained and reliable equipment will be better positioned when the crisis is over.