Over the years, manufacturers have increased their level of automation, with the evolution of robotics in the factory going from expensive, traditional, bolted-to-the-floor materials handling equipment to affordable, flexible, automated intralogistics smart robots. This has been driven by changing market dynamics:
- Lower price of entry and faster time to value, which opens the market to more companies that can justify and afford automation through ISRs.
- Increasing need to improve productivity and waste reduction, which is leading manufacturing CIOs to implement smart factory technologies to accelerate yield production.
- A labor shortage that is straining manufacturers in hiring and retaining new and younger talent.