This aspect of manufacturing occurs in an environment where there is free trade which is informed by the generally accepted fact that entrepreneurs should freely exercise the freedom to trade in products that cost them the least to produce.
As the United States continues to try to pull itself out of a recession, many people are wondering where manufacturing jobs stand in the faltering economy. But is manufacturing a growing industry in the United States? Well, it depends on whom you ask.
The technological innovation and modernization in the field of robotics, increase in demand, and smaller size of cleaning robot as compared to traditional robots are factors propelling the growth of the world cleaning robot market. However, low battery life and lack of durability robotic vacuum cleaners are hindering factors of the market. On the other hand, development of small and user-friendly robots would create opportunities for the growth in the market.
”Re-inventing manufacturing” almost sounds like the mission statement of a Technocrat or Futurist looking to capture the utopian dream. Indeed, but why can’t we? After all, Henry Ford’s assembly line is a pretty old concept. Yes, certainly we have made incremental advances and yet, what about the proverbial ”OMG” revolutionary innovations, and ”leap-frogging” type paradigms shifts in the manufacturing sector? I guess we are still waiting for those aren’t we? We don’t have Star Trek assimilation machines yet, I suppose someday we will, and I hope the US is the nation to bring such dreams to fruition.
Robotic process automation has the potential to spark the next industrial revolution. Bots have been designed that can write literature and compose original music. They are so good at these seemingly ‘creative’ endeavours that humans cannot distinguish between music created by a software program and that by a human composer. Extrapolating from this, smart bots have also found application in developing computer programs and writing code.