7 months, 2 weeks ago
China needs more factory robots. Can it build its own?
The abundance of cheap labor was once a reason why seemingly everything is made in China. Being the world’s factory, it is natural that China is by far the largest market for industrial robots. On a per-employee basis, China’s industrial robot penetration still lags behind advanced manufacturing economies such as South Korea, Germany and Japan. And outside of China, the drive for reshoring manufacturing in developed countries with higher wages could also drive demand for factory automation. Operating profit for seven Japanese companies related to factory automation dropped 10% in the second quarter from a year earlier, according to Morgan Stanley.
