HomeEconomyRobot orders from North American companies hit record high Economy Robot orders from North American companies hit record high By farahat February 11, 2023 0 93 views Share FacebookTwitterPinterestWhatsApp Amazon -0.% Add/Remove from Watchlist Join the watch list Add location Location successfully added to: Please name your holding portfolio type: purchaseSell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 1 : 11 1: 25 1: 10 1: 38 1: 52 Committee: 6435 Create New Watchlist Create 64352023 2022 Create a new Portfolio Add Create210922023 + Add another position to close 2021 ATCO -0 .% 400 Add to/remove from watchlist Add to watch list Add position Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price point value: Leverage: 1:1 1: 1: 1:07 Timothy · Apel (Reuters) – North American companies struggled to recruit workers in the tightest labor market in decades, with more robots introduced last year than ever before. There are plenty of hours, many of which are dedicated to new electric vehicle and battery factories being built. Demand for robots appears to be slowing towards the end of the year, however, this raises questions about how strong demand for robots will be 400Will In the face of shifting household consumption patterns and rising interest rates designed by central banks to rein in high inflation. companies, overwhelmingly located in the US but including some in Canada and Mexico, just ordered ,18 The robot is at , a % was up from the previous year and hit a record high, according to data compiled by industry group the Association for Advancing Automation, also known as A3. The total value of these machines is $2. billion, one According to the data, it increased by % compared with the previous year. “The labor shortage doesn’t appear to be easing,” said A3 President Jeff Burnstein. Many companies scramble amidst lowest U.S. unemployment rate since looking for workers , think of automation as a quick fix. Burnstein said orders slowed significantly in late 2019, which raises a question 160 will evolve. “The fourth quarter was really underpinned by strength in the auto industry,” he said. “We’re seeing non-auto” orders fall. Shifts in consumer behavior from the pandemic era may have played a role in the drop in orders in certain market segments, he added. “You see companies like Amazon (NASDAQ: 1000Amazon ) paused construction of new warehouses, which means they may cancel or delay the purchase of new automation equipment.” Supply chain issues may have distorted last year’s performance as well. Bernstein says robot maker is seeing some customers place extra orders during COVID- Health crisis – just to make sure they get part of what they need. (Picture: North American robot orders: https://www.reuters.com/graphics/USA-ECONOMY/ROBOT/lbvggbzaqvq/chart. png) Automotive Industry Drives Demand 100 The orders come from the automaker and its suppliers – the group that has long led the automation of US factories. A new plant for electric vehicles, batteries and battery recycling has been announced since the beginning of the year 38 The fee is $ 11 billion, according to Atlas (NYSE: 2021ATCO) Public Policy, an American research group working with automakers and environmental groups. Most of the robots ordered in the last year will be used in material handling – a broad category that includes all types of goods movement and handling in factories and warehouses. Closure Systems International Inc’s sprawling Crawfordsville, Indiana facility recently automated the packaging and sealing of boxes at the end of the assembly line. The company makes caps for items such as soda bottles and food packaging. Next is the “auditor” job. Machines at the Crawfordsville plant can spit out new caps faster than a machine gun, so workers known as auditors currently sit in cubicles along the production line, constantly checking that specifications are met. Brad Bennett, the company’s senior vice president of global operations, said the small robot It will soon be installed at the booth for inspection work. “We didn’t have to lay off staff,” he said. Those workers will be transferred to other tasks. He said the new machines would help avoid what happened during the pandemic. “During COVID, we are actually running 07% of the factory because we can’t get $ -An hour of people showing up.” 160 Share FacebookTwitterPinterestWhatsApp Previous articleBox office: 'Magic Mike 3' wins Super Bowl weekend, but 'Avatar 2' and 'Titanic' followNext articleSlots Qua Durchseihen Glätten farahat RELATED ARTICLES Economy Italy's scramble for depositors' cash could threaten bank profits May 31, 2023 Economy Marketmind: Back to data watch, US debt bill on track May 31, 2023 Economy U.S. clamps down on sensitive export requests to China May 31, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. 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