In most countries, especially in the developing nations, there are some hidden costs that a foreign investor comes to find about once he has already established his company. For instance, in Asia and Africa it is commonplace for investors to bribe, give kickbacks or even pay protection fee to facilitate services and shield their investments. This normally pushes operating costs up thus making offshore manufacturing unviable.
Growth prospects for the industrial robotics industry depend on market opportunity metrics relative to the different industries. Automotive investment levels globally have remained at historical highs. Increasing usage of robotic automation by non-automotive companies is driving the usage of industrial robot automation to a new level. Increased adoption of industrial robots coupled with a huge push from the industry for collaborative robots, opens opportunities for robotic solutions. In the immediate future industrial robots strengthen the position of every industry, promising more manufacturing efficiency at every level.
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But a new crop of manufacturing jobs popped up in Greenvile. One such company is Standard Motor Products, a company that makes car parts. But the textile manufacturing jobs do not really look like the modern high tech manufacturing jobs. You won’t see any worker working up a sweat. In fact, manufacturing has changed greatly since the Industrial Revolution; the process is very automated with very little manual labor, and employees must be highly trained because they work with complicated microscopes and gages. Davidson described it more as a science lab than a typical auto plant.
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.