Tyson Foods plan to spend $1B to do it. Hyundai’s content at the Consumer Electronics Show this year emphasized its use in a wide variety of mobility systems. DHL’s supply chain unit doubled their use of it in 2021. Honda has stated they will invest $45B on research and development in technology areas to help develop it. Orders for it by North American companies reached $1.48B in the first nine months of 2021. The “it” is automation of the manufacturing process and, more specifically, the use of industrial robots to automate production lines. According to the International Federation of Robotics, the COVID-19 pandemic has “accelerated the use of robotics beyond established practice.”
The focus by these, and other, companies on automation does not come from a desire to replace human workers but, instead, is driven by the fact that there simply aren’t enough human workers to staff the production lines. According to a new study by Deloitte and The Manufacturing Institute, the workforce development and education partner of the NAM, as many as 2.1 million manufacturing jobs may go unfilled this decade at a potential cost of $1 trillion. That may be why the Association for Advancing Automation stated recently that due to “labor shortages throughout manufacturing, logistics, and virtually every industry, companies of all sizes are increasingly turning to robotics and automation to stay productive and competitive.”
A change of this magnitude is not without operational and legal...
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