By Dixie Desruisseaux. Manufacturing Robot. Published at Saturday, November 17th, 2018 - 16:20:38 PM.
In the starting of the report provides overview of the industry including definition, products, applications, technology, its end users etc. Then, the report represents major payers of the Chinese market in at the intentional level. In this part, the report includes company profile, product stipulation, installed capacity, latest trend, competitor’s strategies, shifting product dynamics form the point of view of consumers and 2011-2016 market shares for each company. The reports represent statically data, generated revenue, production capacity, supply and demand, profit and loss, import and export and many more. The further market is segmented on basis of types, products, technology, end user, application, and geography whichever applicable for the competitive landscape analysis.
In addition to cost efficiency, high-tech training for certain manufacturing jobs would be very scarce to come by. The automated, hyper-efficient shop floors of modern manufacturing won't give Trump much room to deliver on his promises to bring back millions of jobs for his blue-collar supporters. Instead of companies investing in robots to give them better returns in the future, they would have to invest in training programs to help accommodate workers that need the training for more complex jobs. Specifically, for more digitalized companies, the margin for investing in training compared to that of robotic costs would be very high, to the point where it wouldn't even make much sense to invest in job-specific training.
The idea of bringing back manufacturing jobs to have people, not robots, perform specific tasks to complete production would have a significant impact on the current state of the worldwide economy. The day and age of having only people perform automated jobs is over and Donald J. Trump will fail to bring back what he promised. This transition won't appear to be cost-effective, the required high-tech relevant training will be scarce, and the worldwide economy would have less incentive to globalize.
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.
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