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Topic: Economy


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ABB releases second annual Automotive Manufacturing Outlook Survey results
ABB’s survey highlighted investment in robots for smaller automotive component manufacturers in upstream supply chains, as well as attracting skilled labor to program robots, as industry challenges.

How robotics, automation play a role in navigating economic uncertainty in 2024
Despite a major drop in robotics spending in 2023, industry analysts expect that automation investment will see a rebound in 2024 and beyond.

North American Robot Orders Slow After Record 2022, Reports A3
North American robot sales softened in Q1 2023, according to the Association for Advancing Automation, which cited a slowing U.S. economy as a likely cause. Automotive orders rebounded.

Balboa Capital Offers an Overview of the U.S. Robotics Industry
Balboa Capital reported that automation and robotics have created more jobs than they have displaced, with robot density and usage continuing to increase across the U.S.

Recession in 2023? Automation Is Coming Regardless
Automation will continue to play a key role in helping customers in the logistics, manufacturing, and construction spaces, according to Conor McGuinness of Heartland Ventures.

Automation Is a Recession Hedge, Say Speakers at ffVC Drones & Robotics Summit
Automation, including robots, drones, and autonomous vehicles, can not only provide efficiency but also resilience, said speakers at ff Venture Capital's event.

China Bought 44% More Robots in 2021 Than It Did in 2020, Finds IFR Report
China accounted for half of the industrial robot installations worldwide in 2021, according to the International Federation of Robotics.

North American Robot Sales Reach New Records for Third Quarter in a Row, Says A3
North American robot sales continued to set records for year-over-year growth, according to the Association for Advancing Automation. FANUC also saw strong demand.

Robotics and Automation Help Companies Through Economic Challenges, Says Thomas H. Lee Partners
Thomas H. Lee Partners is a leading investor in supply chain and logistics automation startups. Despite economic headwinds, the private equity firm still sees robots as transformative.

Manufacturing in the USA vs. China: AI could be the tipping point
High labor cost and quick time-to-market have driven U.S. manufacturers to be more aggressive with the adoption of industrial artificial intelligence (AI) solutions.

Research from Interact Analysis outlines potential challenges ahead for warehouse automation market
Report predicts double-digit growth for 2019 and 2020, headwinds expected in 2021. Service, maintenance and aftermarket sales will become an increasingly important part of system integrators' business models.

Deloitte/MAPI Study: Smart factories key to tripling stalled labor productivity growth rate by 2030
More than 86% of survey respondents believe smart factory initiatives will be the main driver of manufacturing competitiveness in the next five years, though only 51% are making/have made investments.

First half of 2019 sees continued growth in robotic sales
More than 180,000 robots have been shipped to American companies since 2010, and more than 1.2 million new manufacturing jobs have been created during the same time.

North American machine vision market grew nearly 10% in 2018, broke records for sixth straight year
Smarter and smaller vision technologies serve complex challenges with emerging automation solutions like AI-driven bin picking, autonomous vehicles, and advanced inspection technologies.

North American robot shipments hit record with big non-automotive growth
Shipments to non-automotive companies grew 41% to 16,702 shipments for the year, with food and consumer goods driving nearly 50% of the growth.



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