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The Top Robot Companies in 2021? They re Creating a Brave New World

The Top Robot Companies in 2021? They re Creating a Brave New World
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How cobots & automation help companies survive Covid-19

How cobots & automation help companies survive Covid-19 April 21, 2021, 3:56 PM IST James McKew, regional director – APAC, Universal Robots The COVID-19 pandemic affected almost everybody across the planet. The consequent global lockdown hit businesses severely and led many to look for new, innovative ways to maintain business continuity. This, in turn, led to the transformation of business models and forced industry leaders to reevaluate how they do business. Keeping business continuity as a priority, collaborative robots, or cobots for short, and automation have become buzzwords and have panned out as the undisputed champions in support of the changing business processes in manufacturing, supply chain, food supplies, remote work and e-commerce.

Robots and employment: Evidence from Japan | VOX, CEPR Policy Portal

Masayuki Morikawa How will automation affect the future of employment? Policymakers, journalists, and academics alike are all attracted by this question due to the fear of the replacement of human jobs by machines. Taking up the industrial robots as an example, Acemoglu and Restrepo (2020) indeed draw a dismal picture that the penetration of industrial robots in the US depressed both employment and wages of workers of all educational backgrounds. To what degree can this experience be extrapolated to other regions and other times? In Adachi et al. (2020b), we address this question by looking at Japan’s long-term experience spanning four decades from 1978 to 2017.

Factory Automation Market to Touch USD 240 billion at 8% CAGR by 2022 | Know COVID-19 Analysis | Top Companies (Omron Corporation, ABB Ltd)

Factory Automation Market to Touch USD 240 billion at 8% CAGR by 2022 | Know COVID-19 Analysis | Top Companies (Omron Corporation, ABB Ltd)
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