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Robotics insights The consumer packaging industry faces significant challenges due to the COVID-19 pandemic, supplychain disruptions, and a worker shortage, leading to a need for increased automation.
Offset a mile recession in 2024 and depression in 2030 in part with manufacturing automation. Be prepared: Companies have the opportunity to pull ahead and improve automation and efficiency in operations and reduce supplychain bottlenecks. Manufacturers need to prepare for 2030.
Robotics insights The robotic picking market is expected to grow to almost $7 billion by 2030, which is leaps and bounds above where it is right now. billion by 2030. Rising labor costs and supplychain constraints are likely to be key drivers for the market, as companies turn to automation to relieve operational pressures.
Sustainability is a growing trend throughout manufacturing and industrial robots are no exception. External factors, from the pandemic to geopolitical insecurities and supplychain issues, have had an outsize impact on the industrial robotics sector in recent years. I don’t think that growth is slowing down any time soon.”
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