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New Robotics Tech Will Transform Industries Globally

Walton, Nigel (2014) New Robotics Tech Will Transform Industries Globally. The Oxford Analytica Daily Brief.

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Abstract

After a number of false dawns, the global robotics industry is currently seeing a second wave of growth building on the first wave that took place in the automotive sector 40 years ago. Key economic and technological drivers are behind the recent growth in industrial automation that is now moving from the factory floor into higher value service sectors and the home. The need for companies and countries to off-set higher wage costs and remain competitive in the global marketplace and the advent of new technologies have all been responsible for this new growth trend. Foxconn, the Taiwanese contract manufacturer, is currently replacing its labour-intensive workforce with an army of one million robots as China becomes less productive and competitive with competing economies.

Item Type: Article
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Uncontrolled Keywords: robotics industry, industrial automation, new technologies, robots, workforce
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HE Transportation and Communications
H Social Sciences > HF Commerce
T Technology > T Technology (General)
Divisions: Academic Departments > Worcester Business School
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Depositing User: Nigel Walton
Date Deposited: 17 Jul 2014 10:39
Last Modified: 17 Jul 2014 10:39
URI: https://eprints.worc.ac.uk/id/eprint/3251

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