Global X for Nasdaq: Recent technological advancements in robotics and artificial intelligence (AI) are disrupting a range of industries from manufacturing, to health care, defense, and transportation.
Daniel Moore, Pittsburgh Post-Gazette: "Our mission, at a very high level, is establishing leadership in this area," said Gary Fedder, interim CEO of the ARM Institute. "We want to lower the barrier for the companies to adopt this technology" while also "empowering the American worker" to find open positions.
Ashley Nickle for The Packer: SuperPick - short for supervisory picking - aims to provide the depth perception and recognition of 3-D using 2-D hardware and human oversight.
Sarah Kessler for Quartz: A startup called RightHand robotics recently began piloting technology that automates a task robots have previously struggled to master: recognizing and picking up items from boxes.
Patrick Clark and Kim Bhasin for Bloomberg Technology: It was Amazon that drove America's warehouse operators into the robot business. Quiet Logistics, which ships apparel out of its Devens, Mass., warehouse, had been using robots made by a company called Kiva Systems. When Amazon bought Kiva in 2012, Quiet hired scientists.
Bien Perez for South China Morning Post: Annual spending on robotics in mainland China is forecast to continue its rapid expansion and exceed US$59 billion by 2020, as demand ramps up in the country's manufacturing industry.
The white paper explores the impact of automation on the ever-evolving job market and the growing shortage of skilled employees with experience and training in advanced technologies. A3 examines the types of jobs that are going unfilled and reviews workforce development initiatives, including education, apprenticeships, and on-the-job training that will fill labor shortages and support ongoing economic growth and productivity.
A new study from Redwood Software and the Centre for Economic and Business Research (CEBR) finds that the U.S. is the world leader in robotics automation investment, with an estimated robotics stock of $732 billion* - larger than the economy of Switzerland, which stood at $446 billion* in 2015. U.S. investment in robotics was $86 billion in 2015, up from less than $40 billion in 2009, when investment hit a low following the financial crisis, and more than 15 times higher than the OECD average. Between 2011 and 2015, U.S. investments in robotics rose 30%. "The U.S. is the world leader in robotics investment, and spending has recovered quickly since the financial crisis in 2009," said David Whitaker, Managing Economist at CEBR. "The sheer size of the economy and its large base of production in the automotive and electronic sectors make it a natural candidate for increased automation." Full Press Release:
ABB has sold its first robot manufactured in the United States. The IRB 2600 robot is the first to be produced at the ABB Auburn Hills, Michigan facility, and was sold by ABB Value Provider, CIM SYSTEMS, INC. to Hitachi Powdered Metals USA. The compact robot, which is painted with special commemorative red, white and blue paint, will be used for material handling of in-process engine component parts at the Hitachi Greensburg, Indiana facility. It is the 180th ABB robot at the Hitachi plant, which installed its first ABB robot in 2005. "The sale of ABB's first robot produced in the US to Hitachi is a tremendous milestone in the development of our manufacturing presence in the Americas," Full News Release:
Jon Excell for The Engineer: Online grocer Ocado is establishing a reputation as a major technology player. Jon Excell reports If prompted to name a UK company at the cutting edge of robotics and automation, few of us would cite one of the country's best-known grocery retailers. But, as The Engineer learned on a recent visit to one of its key facilities, online supermarket Ocado is establishing a reputation as a major technology player: harnessing and developing machine-learning systems, Internet of Things concepts and robotic hardware to a degree that leaves many traditional engineering businesses in the shade. Full Article:
If manufacturers are going to flourish in America, they’ll need to buy a lot more robots. Here are six ways to play this hot trend. Jack Hough for Barron's: For long-term investors, robots could be one key to securing healthy corporate profit growth, and stock returns, even as wages rise. There are specific opportunities, too. Japan’s Fanuc (ticker: 6954.Japan) is far and away the U.S. market leader in industrial robots, and it’s quickly ramping up production. Its shares have been outperforming, and they could offer 20% more upside over the next year. Germany’s Kuka (KU2.Germany), which sold a majority stake last year to China’s appliance giant, Midea Group (000333.China), has similar return potential. Other stocks with high exposure to industrial robotics and factory automation include Rockwell Automation (ROK), Switzerland’s ABB(ABB), and Yaskawa Electric (6506.Japan). And for one-stop shoppers, there’s the Robo Global Robotics & Automation Index exchange-traded fund (ROBO), which tracks 85 stocks, charges annual expenses of 0.95%, and has returned 37% over the past year. Cont'd...
T he ST R17HS uses state-of-the-art brushless servomotors and boasts an effective reach of 750mm, a repeatability of 0.2 mm and a maximum speed after acceleration of 480 deg/sec in the robot's waist, elbow, hand and wrist, with a shoulder speed of 300 deg/sec. "The R17HS is the result of years of development that puts us ahead of the field," said David Sands, President and CEO of ST Robotics. "Customers are finding it useful for high throughput production as well as testing applications requiring fast motion of test devices." Full Press Release:
Rethink Robotics announced Intera® 5, a first-of-its-kind software platform that connects everything from a single robot controller, extending the smart, flexible power of Rethink Robotics' Sawyer™ to the entire work cell and simplifying automation with unparalleled ease of deployment. Built on the backbone of the industry's best train-by-demonstration software that powers the world's fastest-to-deploy robots, Intera 5 is paving the way for connected manufacturing environments and helping companies build factories of the future. Intera 5 fundamentally changes the need for integration, making it substantially easier and more affordable, allowing manufacturers to deploy full work cell automation in a matter of hours, not weeks. Intera 5 is much more than the latest version of Rethink Robotics' software; it's a new way to approach automation that allows manufacturers to control the robots, orchestrate the work cell and collect data. Full Press Release:
Yoshiaki Nohara, Toru Fujioka, and Daniel Moss for Bloomberg: A withering factory town in Japan’s Rust Belt is looking for revival through a dose of Prime Minister Shinzo Abe’s "robot revolution." Kadoma’s population has declined 13 percent as the nation ages, prompting mergers among elementary schools and emergency services departments. Factories can’t find enough people to run assembly lines, further threatening an industrial base that includes titan Panasonic Corp. and smaller businesses like Izumo Co., a maker of industrial rubber. Yet Izumo President Tsutomu Otsubo doesn’t believe the solution involves finding more people. He’d rather find more machines to do the work so his company can capitalize on Abe’s plan to quadruple Japan’s robotics sector into a 2.4 trillion yen ($20 billion) industry by 2020. Cont'd...
Oscar Williams-Grut for Business Insider: Analysts at global investment manager Bernstein believe the "age of industrialization is coming to an end," with robots set to destroy manufacturing jobs globally. That may not sound seismic. After all, the industrial revolution happened hundreds of years ago and manufacturing jobs have been the minority of all jobs in the West for decades. But Bernstein is arguing that the nature of capitalism is undergoing a fundamental change. Analysts Michael W. Parker and Alberto Moel argue that Adam Smith's Wealth of Nations, the foundational textbooks of economics, is becoming redundant because of two trends: the rise of robotics and China's modernising economy. Cont'd...
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Factory Automation - Featured Product
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