Found in Robotics News & Content, with a score of 3.69
…and automation industries? Peters: I think, coming out of COVID and the following labor shortages, many realized, “If we had automated sooner, we would be in a much better position today.” This realization drove many investments in robots – some hasty and some not leading to the outcome that was hoped for. My take on it would be that many - following these massive investments - were adjusting to the situation and making sure they got a return on the investments. At least, that's what we hear from many clients: The rush to automate has cooled down a little, although…
Found in Robotics News & Content, with a score of 11.11
…& Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)” report, the global collaborative robot market is expected to reach $1.6 billion in 2023, growing at a CAGR of 26.12% during the forecast period. The Asia Pacific region, which includes countries like China, Japan, South Korea, India, and others, is a dominant player in the global collaborative robot market, accounting for nearly half of the market share. The projected growth is driven by the presence of both global and domestic players, with China being a particularly significant contributor. Additionally, factors such as an aging population and rising labor costs…
Found in Robotics News & Content, with a score of 8.42
…as a future trend in the industry. Since the COVID-19 pandemic, there has been a surge in online shopping across the world. E-commerce sales have witnessed a significant growth rate over recent years. According to the International Air Transport Association (IATA), in 2021, 2.14 billion people (i.e., 27.6% of the world’s population) shopped for products from online portals. The growing demand for online shopping is pushing companies to perform faster picking and placement operations, which is raising the demand for packaging robots, the report says. In the e-commerce industry, picking robots are used for order fulfillment as manually picking of…
Found in Robotics News & Content, with a score of 4.35
…a big concern. One obvious example was during the COVID-19 pandemic, when social distancing was often required. Robots allowed for more staggered workers, leading some companies to realize how much more they could do with automation and mobile robots. Similar benefits are possible when dealing with hazardous chemicals or working around dangerous equipment. Suppose there’s a particular job that is needs to be done in close proximity to a hazardous blade or caustic chemicals. Not only can robots reduce risk by protecting human workers, but they can also reduce corporate liability. 3. Automation can link parts of a process Another…
Found in Robotics News & Content, with a score of 3.95
After the COVID-19 pandemic, consumers expect e-commerce orders to be fulfilled the next day or even on the same day. This challenge has substantially elevated the importance of warehouse responsiveness in the supply chain. Warehouse managers are facing increased pressure—and headaches—to improve operational efficiency, reduce costs, and meet deadlines—all while dealing with high turnover and other labor challenges. Many managers are feeling overwhelmed and, dare I say, miserable. I can’t send you a painkiller for your headache, but I can show you that you’re not alone in your warehouse woes. There are tools that can help you ease your pain.…
Found in Robotics News & Content, with a score of 10.96
…“The global labor shortages and market uncertainty triggered by COVID have increased the need for automation solutions and integrators capable of serving the immediate needs of end users,” said Søren Peters, CEO of HowToRobot, in a release. Søren Peters, HowToRobot “In this environment, suppliers have to respond quickly and communicate how their solutions solve end users’ needs most in the most cost-effective way,” he added. Founded in 2020, HowToRobot.com is a global marketplace to connect buyers with automation suppliers. The Copenhagen, Denmark-based company, which has a U.S. office in Chicago, said its market guides and digital tools can help businesses…
Found in Robotics News & Content, with a score of 4.60
…engineering, became fascinated with AI and robotics during the COVID-19 pandemic, when he spent his free time searching up educational YouTube videos on the topics. Researcher Kabilan KB with autonomous wheelchair. Source: NVIDIA He’s now working toward a bachelor’s degree in robotics and automation at the Karunya Institute of Technology and Sciences and said he aspires to one day launch a robotics startup. KB, a self-described supporter of self-education, has also received several certifications from the NVIDIA Deep Learning Institute, including “Building Video AI Applications at the Edge on Jetson Nano” and “Develop, Customize and Publish in Omniverse With Extensions.”…
Found in Robotics News & Content, with a score of 2.49
…still a logistics pain point While trade conflicts, the COVID-19 pandemic, and the e-commerce boom and not-quite bust have come and gone, employment rates remain high despite inflationary and other economic pressures. “Labor shortages continue to be one of the biggest challenges facing our customers in the warehousing and logistics industry,” said Kait Peterson, senior director of product marketing at Locus Robotics. “That’s why it’s critical to optimize the existing workforce productivity while also improving worker ergonomics and overall workplace quality.” “By collaborating with human workers, our robots minimize unproductive walking time, pulling heavy carts and lifting to free up…
Found in Robotics News & Content, with a score of 4.35
…demand may have slowed since the peak of the COVID-19 pandemic, third-party logistics providers (3PLs) can still use robotics to mitigate labor shortages, reported market research firms. The global market for logistics robots could expand from $7.1 billion in 2023 to $22.6 billion by 2033 at a compound annual growth rate (CAGR) of 12.3%, estimated Fact.MR. It cited improvements in sensors, robotic platforms, and AI and the Internet of Things (IoT) as contributing factors. Similarly, Future Market Insights forecast a CAGR of 16.5% from $8.28 billion in 2023 to $38.13 billion by 2033, propelled by worker shortages and resurgent manufacturing.…
Found in Robotics News & Content, with a score of 3.77
Despite lingering effects of the COVID-19 pandemic, economic constraints, and geopolitical conflict, global adoption of robotics is continuing to grow. The new World Robotics 2023 Industrial Robots and Service Robots report said that 553,052 industrial robots were installed in factories around the world in 2022 – a year-over-year growth rate of 5%. By region, 73% of all newly deployed robots were installed in Asia, 15% in Europe, and 10% in the Americas, according to the International Federation of Robotics (IFR). “The world record of 500,000 units was exceeded for the second year in succession,” stated Marina Bill, president of the…
Found in Robotics News & Content, with a score of 5.74
…scaled capacity as head of iPad operations during the COVID-19 pandemic. “Not only are we building the world’s first factory for humanoid robots, but we’re doing so in the U.S. about 30 miles from our engineering center, which is fantastic for setting us up to scale quickly,” she said. “By establishing RoboFab as a state-of-the-art manufacturing hub in Salem, Ore., we are not only accelerating the development and deployment of advanced robotic systems, but also cultivating innovation and creating high-skilled job opportunities,” Campbell added. “With the capability to produce Digit at scale, we are poised to change the future of…
Found in Robotics News & Content, with a score of 4.42
…during the hypergrowth phase of e-commerce preceding and throughout COVID,” said Austin Oehlerking, founder and CEO of Boxbot. “The next phase will be about using automation to enable volume growth through higher productivity, especially as the lasting impact of labor shortages and inflation are acutely felt.” Alameda Calif.-based Boxbot stated in a release that its proprietary hardware and software make package conveyors three-dimensional. The company said its modular system can store, sort, and sequence size-agnostic, high-throughput payloads with a minimal physical footprint. Boxbot claimed that it can reduce the costs of last-mile delivery by enabling faster, more intelligent, and denser…