The report further focuses on the leading industry players that will steer the course of the Industrial Robot market through the forecast period. Each of these players is analyzed in detail so as to obtain details pertaining to their product/services, recent announcements and partnershipsFeature Articles, investment strategies and so on.
NPR Planet Money Correspondent Adam Davidson tackled the issue of manufacturing in the United States by examining the history of manufacturing in one town-Greenvile County, South Carolina. Greenvile used to be a textile manufacturing town where communities were defined by what factory you worked for. The jobs were great for people with little education. It was common for people to drop out of high school in order to start work. Manufacturing jobs in the United States was always a great option for people who might be unable or unwilling to go to college and get a law or business degree. Manufacturing gave a certain sect of the American population a chance at the American Dream. Over the years, as textile manufacturing jobs continued to be outsourced overseas, the factories began to close.
For companies to succeed, along with trying to create a fully employed economy, the biggest factor is cost efficiency. More and more companies rely on the cheapest alternative to produce outputs, in hopes of earning profits. Boston Consulting Group reports that it costs roughly $8 an hour to use a robot for spot welding in the auto industry, compared to $25 for a worker.
Since manufacturing products in the U.S. is more expensive due to salaries, compliance regulations and cost of materials, it has to be high quality. This is why knowledge of quality systems is important. The goal of a quality system is to ensure that the manufactured product has very little variance from the design standard. It is based on statistical process control (SPC). Six Sigma, ISO 9001 or TQM are different kinds of quality systems. Knowledge of any of these systems would make a job seeker stand out from the other job candidates.
In Trump’s first 100 days in the oval office, he hasn’t done so much for what he had promised during his 2016 Campaign. In recent statements about what he plans to do about recreating American manufacturing jobs, he has changed his position on this issue off bringing back all offshore accounts to the states, to only having some reside in the states and others remain in their producing countries. Only time will tell how this promise of bringing back all manufacturing jobs to the United States will affect the nation and the world economy.