How Does the Economic Impact Affect Purchasing a Forklift Safety System?
Being a member of MHI or the Material Handling Industry, we are privileged to receive monthly updates from Prestige Economics. They provide us insights into various industrial outlooks so industrial companies can make good decisions on the strategic direction of the company they lead. Based on the findings for July, it seems that the markets are holding steady, but it’s more on the waiting game of who is going to lead and win the upcoming election. It seems that the market may go in two different directions based on who is elected. This does have an economic impact on a forklift safety system. But is it all bad?
Economic Impact on a Forklift Safety System
The economic impact on a forklift safety system can be interpreted in a couple of ways. The impact if you don’t get a forklift safety system, and the impact if you do. Based on your view after you read this article, can give you ideas for thinking about the investment during a time of ‘wait and see’ due to the elections coming up, inflation, and federal rate cut potentially in September.
The Impact with Doing Nothing – No Decision
When it comes to situations where you know something is going to happen and you decide to wait for an outcome before making a decision…makes sense. Especially the election as the two candidates will potentially be going in two different directions. However, doing nothing because the company doesn’t want to make the investment because we’ve done well so far… isn’t the best decision possible. Why? If that was true, then why have insurance on a car? You do everything you can to avoid having an accident and have been probably successful thus far. So why have insurance.
Even in today’s technological advancements with sensors and detections on a car that alerts you if someone is there, why do you need insurance. With the technologies of crossing the lane or getting too close to a car while driving is working, again why do you need insurance.
Because accidents can happen. They are unintentional situations that occur. So if you don’t want to take the chance with getting into a car accident, then why is your company taking the chance with a forklift accident?
The Impact with Doing Something! – A Yes Decision
By being proactive with your forklift safety, you can avoid the additional costs that come when an accident occurs. Because you were proactive, a forklift safety system is like getting insurance for your car. Much of the technology is similar. A car scans only so far searching for a pedestrian. Our AI based forklift safety system can scan up to 33 feet and has the flexibility of setting the distance you want to scan. Once it begins to scan every 60ms, it is searching for people as well as objects. It will sound an audible warning and also provide a symbol of what it is…person or object. Now you can take action just like your car.
However, a car doesn’t tell you how many times this occurred or the distance, or the impact or the any other critical information. A forklift safety system does. The SIERA.AI S3 forklift safety system has a telemetry Dashboard that is constantly collecting data so you can see for yourself what is going on in the facility so you can make safety decisions that save you money on impacts resulting in injuries and damages. These are some of your economic savings by investing today in a forklift safety system. Others include worker’s compensation, insurance premiums, worker morale and productivity. Talk to us today to learn how our customers saved with a forklift safety system.
Contact Us!
Contact us today at sales@siera.ai or call us at (512) 817 0702.