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New Robotics Tech Will Transform Industries Globally

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

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Official URL: http://www.oxan.com/display.aspx?ItemID=DB191934

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
Additional Information:	Staff and students at the University of Worcester have access to the full-text. External users should check availability with their local library or Interlibrary Requests Service.
Uncontrolled Discrete 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:	College of Business, Psychology and Sport > Worcester Business School
Related URLs:	Publisher
Depositing User:	Nigel Walton
Date Deposited:	17 Jul 2014 10:39
Last Modified:	17 Jun 2020 17:04
URI:	https://eprints.worc.ac.uk/id/eprint/3251

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