The Shifting Economics of Global Manufacturing

(CC) Robert Wright/ FlickrThe use of advanced industrial robots is nearing the point of takeoff, a development that could power a new wave of productivity growth in many industries and lead to changes of up to 5 percentage points in the cost competitiveness of major export economies relative to the U.S., according to new research by The Boston Consulting Group (BCG).

BCG predicts that by 2025, adoption of advanced robots will boost productivity by up to 30 percent in many industries and lower total labor costs by 18 percent or more in countries such as South Korea, China, the U.S., Japan, and Germany.

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