October 17, 2022
A new wave of robots is arriving—and, in a world short of workers, businesses are eager to welcome them. A combination of hard-pressed employers, technological leaps (like vision systems) and improved cost effectiveness has fueled this rapid global expansion. A half-million “industrial robots” were installed globally last year, an all-time high. There are now 3.5 million in use.. This amounts to a titanic shift in the way things are made, transported and even consumed, ushering in a “roboconomy,” states The Wall Street Journal (Oct. 15-16, 2022) In the future, says WSJ, we will depend on robots to grow our food, make our goods, care for our elderly and continue to grow the global economy.
Tesla just unveiled its humanoid robot called Optimus that it plans to sell for less than $20,000 and use in car production. “It will, I think, turn the whole notion of what’s an economy on its head, at the point at which you have no shortage of labor,” said Elon Musk.
This post provided courtesy of Jay and Barry’s OM Blog at www.heizerrenderom.wordpress.com. Professors Jay Heizer and Barry Render are authors of Operations Management , the world’s top selling textbook in its field, published by Pearson.