The main reason for offshore manufacturing is to reduce production costs for a manufacturer who is trying to make more profits by exploiting the comparative advantages that exist in other countries and which are not in his/her country.
Forex trading market is undeniably making the way to automation. Because of the surfacing of the automated foreign exchange robots, the patterns in foreign exchange suddenly changed. With these automated robots, many wonder if it will replace the work of the currency training advisors. It seems they can because of their abilities and capabilities to trade even without the human intervention and involvement of emotions in trading.
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.
Even more critical, other costs like training costs especially in countries where there is inadequate skilled manpower will force the manufacture to invest in staff training and this will make offshore manufacturing unviable. Also because of competition and the supposedly cheaper labor may make it harder for the foreign investor to retain the workers he has invested heavily to train. This may result in a higher turnover of employees hence straining the operating finances.
Computer Numerical Control (CNC) machining is another form of automation used in the U.S. manufacturing industry. CNC machines are typically lathes that machine parts used in automobiles, for instance. To operate a CNC machine requires not only machinist skills but programming skills. Just go to any online job board and search for CNC machinist jobs and a job seeker will find hundreds if not thousands of open CNC jobs. Don’t let anyone tell you that the U.S. manufacturing industry is dying. It isn’t. But it’s a high technology business that requires a high technology employee.