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Home » Ever Cheaper Robots to Continue to Reduce Labor Costs

Ever Cheaper Robots to Continue to Reduce Labor Costs

February 13, 2015
Industrial Distribution

The consultancy predicts that investment in industrial robots will grow 10 percent a year in the world's 25 biggest export nations through 2025, up from 2 percent to 3 percent a year now. The investment will pay off in lower costs and increased efficiency.

Robots will cut labor costs by 33 percent in South Korea, 25 percent in Japan, 24 percent in Canada and 22 percent in the United States and Taiwan. Only 10 percent of jobs that can be automated have already been taken by robots. By 2025, the machines will have more than 23 percent, Boston Consulting forecasts.

Robots are getting cheaper. The cost of owning and operating a robotic spot welder, for instance, has tumbled from $182,000 in 2005 to $133,000 last year, and will drop to $103,000 by 2025, Boston Consulting says.

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    KEYWORDS All Warehouse Services Business Strategy Alignment Global Supply Chain Management High-Tech/Electronics industrial automation Industrial Distribution Industrial Manufacturing Logistics logistics services Supply Chain Analysis & Consulting supply chain IT Supply Chain Management: Industrial Manufacturing Warehouse Automation
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