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☆ Demand for human-like robots that can do just about any job is expected to boom by 2026. These 10 stocks are set to profit off the growth, according to an investment strategist.
  + stars: | 2024-04-23 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +4 min
By 2027, that ratio is expected to increase to 43% of tasks completed by machines and 57% by humans. "On the one hand, yes, it's scary to envision a world in which almost no job is safe from automation or from robotics. The annual installation of industrial robots is expected to grow by about 30%, from 553,000 installations in 2022 to 718,000 in 2026. Themes ETF launched its version of a robotics-focused ETF called Themes Robotics and Automation ETF (BOTT) on Monday. Lincoln Electric Holdings (LECO)Toyota Industries (6201 JP)Esab Corp (ESAB)Nordson Corp (NDSN)Fortive Corp (FTV)Intel Corp (INTC)Konecranes Oyj (KCR FH)Microchip Technology (MCHP)Silicon Motion Technology (SIMO)Semtech Corp (SMTC )
Persons: Taylor Krystkowiak, Krystkowiak, Konecranes, SIMO, Semtech Organizations: Boston Dynamics, Business, International Federation of Robotics, Automation, Lincoln Electric Holdings, Toyota Industries, Esab, Nordson, Fortive, Intel Corp, Technology, Motion Technology Locations: Medicine, guesswork
☆ Germany has a plan to tackle a rapidly ageing workforce: recruiting robots
  + stars: | 2023-05-01 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +6 min
But what does enhancing the workforce through robots and digitalization actually look like? There won't be major job losses as a result of digitalization, according to Ulrich Walwei, vice director of Germany's Institute for Employment Research. Ultimately, the goal of integrating robots into the workplace is to augment human capabilities, not replace them. "Our robots can free up human workers to focus on more complex and creative work, leading to more fulfilling and engaging jobs," Pehlivan told CNBC via email. "Ultimately, the goal of integrating robots into the workplace is to augment human capabilities, not replace them," he added.
☆ ABB invests in US robot factory as reshoring trend hots up
  + stars: | 2023-03-16 | by ( John Revill | ) www.reuters.com   time to read: +3 min
ZURICH, March 15 (Reuters) - ABB (ABBN.S) is expanding its main US robot factory as its customers there in the automotive, packaging and machinery industries confront a tight labour market as they bring production back home. The United States is the third largest in the global robotics market, which is worth around $50 billion per year according to estimates by ABB and the International Federation of Robotics (IFR). Rapid growth is expected as US companies bring production closer to home to avoid logistic log jams which have gummed up supply chains since the global pandemic. A survey by ABB last year showed 70% of North American businesses suffered supply chain disruptions in the last year. "The potential for growth in the industrial robots market is huge," Atiya said.
☆ Analysis: Retailers turn to robots in cost inflation fight
  + stars: | 2022-12-01 | by ( James Davey | ) www.reuters.com   time to read: +6 min
He estimates the retail industry is 40% automated, but sees that jumping to 60-65% over the next three to four years. The march of the robots can be seen in fashion stores and food shops globally as an industry that employs millions grapples with the cost of rising wages, energy and raw goods. While processes at online retailers are largely automated, vast parts of a traditional retailer's operations are still carried out manually, according to consultants at McKinsey. Looking at the fashion industry, McKinsey expects fashion companies to double investment in technology from 1.6% to 1.8% of their revenue in 2021 to between 3.0% and 3.5% by 2030. "Retailers are saying 'robots are the future,'" Michel Spruijt, Brain Corp's chief revenue officer, told Reuters, adding that the shift could "free up workers from tedious" tasks.
☆ Younger Chinese are spurning factory jobs that power the economy
  + stars: | 2022-11-21 | by ( David Kirton | ) www.reuters.com   time to read: +8 min
For his father's generation, factory work was a lifeline out of rural poverty. For Zhu, and millions of other younger Chinese, the low pay, long hours of drudgery and the risk of injuries are no longer sacrifices worth making. Factory bosses say they would produce more, and faster, with younger blood replacing their ageing workforce. But offering the higher wages and better working conditions that younger Chinese want would risk eroding their competitive advantage. Yet young workers are vital to keep production moving.
☆ Robots? Some Companies Find Only Humans Can Do the Job
  + stars: | 2022-11-03 | by ( Katie Deighton | Matt Beane | University Of California | ) www.wsj.com   time to read: +12 min
Others have ground to a halt, sending companies back to technology that is less sci-fi, but can be deployed more quickly and cost-effectively. Some companies are satisfied their robots are doing the job. The perils of the outdoors are a big problem for delivery robots, in particular. Some people have also raised concerns that delivery robots could block wheelchair access on sidewalks or otherwise get in the way of humans, leading local authorities to limit or prohibit their use. Toronto, for example, last December banned delivery robots.
☆ Baristas in San Francisco went on strike. Their robot co-workers went right on serving
  + stars: | 2022-10-18 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +12 min
For three days last month, 1,000 food-service workers at SFO went on strike over wages and working conditions. For decades, robots have been replacing, or at least nudging aside, human labor. But at SFO, robot baristas didn't simply replace humans — they crossed a picket line. Cafe X robot baristas stayed on the job when food-service workers went on strike at San Francisco International Airport last month. The short version is: Every new robot per thousand human workers reduces employment by 0.2 percentage points and decreases wages by 0.42%.
☆ Meet the Army of Robots Coming to Fill In for Scarce Workers
  + stars: | 2022-10-15 | by ( Christopher Mims | ) www.wsj.com   time to read: 1 min
A new wave of robots is arriving—and, in a world short of workers, business leaders are more eager to welcome them than ever. A combination of hard-pressed employers, technological leaps and improved cost effectiveness has fueled a rapid expansion of the world’s robot army. A half-million industrial robots were installed globally last year, according to data released Thursday by the trade group International Federation of Robotics—an all-time high exceeding the previous record, set in 2018, by 22%.
☆ China’s Factories Accelerate Robotics Push as Workforce Shrinks
  + stars: | 2022-09-19 | by ( Jason Douglas | ) www.wsj.com   time to read: 1 min
China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance even as its working-age population shrinks. Shipments of industrial robots to China in 2021 rose 45% compared with the previous year to more than 243,000, according to new data viewed by The Wall Street Journal from the International Federation of Robotics, a robotics industry trade group.
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