Robots are making a tremendous impact in manufacturing. According to the Boston Consulting Group, the U.S. industrial sector will see extraordinary growth in robotics by 2025. Robotic automation will drive an average 16% decline in manufacturing costs across 25 major economies around the world.
The shift has already begun, with many brands “reshoring” to the United States. From a renewed U.S. presence, market-leading brands can develop automated manufacturing plants with economies of scale. That, in turn, will reduce the attractiveness of off-shore sites.
Robots are reducing labor costs, which leads to lower manufacturing costs and more “Made in America” labels for large and mid-sized businesses.
Small Businesses Stand to Capture Unique Performance Benefits from Robotics
As with any opportunity, early adoption and effective implementation will determine competitive advantage. With the right strategy, however, small businesses can use robotics to differentiate themselves from the competition.