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Robotics and Global Growth (Examples of changes (Advanced manufacturing…
Robotics and Global Growth
History of growth
Steam engine, 19th Century
Mass Production, beginning of 20th Century
1970 "First Automation Wave"
Current growth
Offshore factories to reduce costs
Cheap labor
Saved money for only a short period of time
Larger factories
Specialized by product
Supply chain problems
Factories basically look the same as they did 50 years ago
Tech sector
Productivity declines despite innovation efforts
On verge of "fourth revolution"
Could boost productivity by more than a third
Examples of changes
Advanced manufacturing robots the size of humans
Programmed to perform complex, non-repetitive tasks
8% automated right now, likely 25% in ten years
Amazon used robots to prepare and ship Cyber Monday products
Microeconomic shift
3D printing
Now working for plastic as well as metal
25% of global manufacturing are these two materials
Fuel nozzles currently made from 20 parts, could be made from one
40% more efficiency
Scale customization
Customized product the same price as one that was mass produced
Factories to home market
Smaller factories
Scale does not matter, flexibility does
Shift to regional manufacturing once again