This is how cost efficiency plays a significant role in globalization in the economy. When companies have the opportunity to produce products at a cheaper rate by using alternative resources, they find the best solution possible for either the short run or long run. Robots have been the solution to leading a cost-effective economy. The use of robots has had a growing impact on the manufacturing industry for some time now, and continues to innovate our globalized economy.
Another most important use of the cameras and sensors is to decide the position of the components and separately assembled as they move forward in the manufacturing line. Generally the vision system is not very complicated and complex the system can be used in manufacturing with very short training and education of personnel. ,
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The robotic addition can be of great benefit to companies that requires applying custom product labels in large quantity in product lines. This addition will reduce all the man hours wasted by employees’ hand applying labels at slow speed than an applicator can apply them. This allows employers to use their staff for more important tasks and offers efficient production speed.
In most cases companies are attracted to offshore manufacturing because of the tax breaks offered by the host. Also, some home countries do not levy taxes on profits made from overseas manufacturing as long as the profit does not come into the country. This is the other intoxicating factor that makes many companies to invest overseas so as to avoid this taxation.
One of the major advantages of robots is that they can perform any kind of work if programmed accordingly and they can also work for longer hours without giving them any break. The robots are built in such a way that they can work for many years. This is a long time investment where you can get much of your work done with less cost. The industrial robots economic life span is approximately 12-16 years. The industrial robots have been producing good work and that they have become one of the important parts of the industries.