Survey says Automation Beats IoT
There is a lot of interest in IoT as it relates to connecting equipment, vehicles and more; however, it is a more complex topic with multiple vendors involved.
There is a lot of interest in IoT as it relates to connecting equipment, vehicles and more; however, it is a more complex topic with multiple vendors involved.
Earlier this year, LMA released a report, “Manufacturing & Supply Chain in the New Normal”, that includes insight from a number of industry experts and executives on current trends in logistics and supply chain management.
To think about what's ahead in technology, it is important to put it in perspective with what's ahead in business.
Will artificial intelligence and automation impact your industry? Most likely the answer is yes; the only question is how.
At the Southern California Supply Chain and Logistics Summit conference, there were several keynote speakers from industry icons such as Amazon, UPS, Union Pacific and more. One might expect quite a lot of interesting insights into the latest supply chain trends yet the most common theme among the presentations tied back to the skills gap.
Published in FabShop Magazine Direct in May 2018 “When we start to talk about the Amazon effect, it’s really a metaphor for rapid 24/7 delivery” says Lisa Anderson, president of LMA Consulting Group. Click here to read more.
According to Industry Week and Moody's Investor Service, there could be a significant upside to robots with the near-term demographic time bomb in Japan and Germany.
I toured the Los Angeles Times last week and was impressed with the automation. Although newspapers seems like an old business, it was impressive in pure size and volume with minimal people.
According to the Material Handling & Logistics, robots are slashing U.S. wages and worsening pay inequality. That is certainly a provocative statement! According to new research by MIT's Daron Acemoglu and Boston University's Pascual Restrepo, one additional robot per thousand workers reduces the employment to population ratio from .18 percentage points to .34 percentage points and slashes wages from .25% to .5%.
According to Industry Week, the Fed's survey of the economy expressed optimism; however, it also noted that labor markets are tightening. Since I'm also embarking on refrehsing my 2013 Skills Gap research report, thus far, I've noted the same concerns for high-skilled positions. I hear far less conversation about [...]