According to Statista Research Department, the global market for robots is expected to grow at a compound annual growth rate of around 26% to reach close to $210 billion by 2025. For example, according to Automation World, almost 45% of respondents currently use robots in their assembly and manufacturing [...]
Tackle the skills gap impact on the technology workforce, ensuring your team's growth aligns with evolving tech demands
We held an engaging executive panel discussion at our APICS Inland Empire spring symposium on the topic, "The Talent Transformation: People or Robots? There is quite a lot of hoopla in the area of Inland Southern California as this geography is larger than all but 24 states [...]
No matter the industry and geography, the topic of "People vs. Robots" is a hot topic! Certainly, manufacturing has been focused on technology and automation for quite some time to navigate the path to thrive in the modern environment of high costs, regulations, and elevated customer demands.
According to the Wall Street Journal, robots are taking on pharmaceuticals and food preparation.
At the Southern California Supply Chain and Logistics Summit conference, there were several keynote speakers from industry icons such as Amazon, UPS, Union Pacific and more. One might expect quite a lot of interesting insights into the latest supply chain trends yet the most common theme among the presentations tied back to the skills gap.
Robots shouldn't be viewed as a hammer. Think about what you need to accomplish and evaluate robots as one tool / solution to a business issue.
According to the Material Handling & Logistics, robots are slashing U.S. wages and worsening pay inequality. That is certainly a provocative statement! According to new research by MIT's Daron Acemoglu and Boston University's Pascual Restrepo, one additional robot per thousand workers reduces the employment to population ratio from .18 percentage points to .34 percentage points and slashes wages from .25% to .5%.
If you want to achieve profitable business growth apply the people plus initiative equation and see how your bottom line transforms.
