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The Countries Most And Least Likely To Be Affected By Automation Mckinsey Robotic Process Apr17 12 Bc8999

The Countries Most And Least Likely To Be Affected By Automation Mckinsey Robotic Process Apr17 12 Bc8999 Robotic Mckinsey Robotic Process Automation

Leoda Frankel Tuesday, April 30, 2019 Robotic


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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.

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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.

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.

Better accuracy. Robots themselves are 100% accurate. Auditing robotic automation can also be applied to work performed by other staff to ensure accuracy, consistency and compliance to regulations. The Robots themselves also provide a complete audit train of all of their activities and provide reporting capability for audit and process analysis purposes. This improved accuracy also eliminates the need for quality checking and rework, further reducing costs and improving service levels.

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