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.
In manufacturing, businesses with fewer than 100 employees and less than ten robots are considered “small businesses.” Though they face unique challenges, robotics is one way they can level the playing field against entrenched market rivals.
Today’s robots cost as little as $20,000, making them accessible to smaller enterprises. Robots aren’t limited to conventional heavy manufacturing, after all: Toys, jewelry, and many other goods can be fabricated quickly and cost-effectively.
See original article in Robotics online here.