tc
Manufacturers Embrace Automation to Hedge Against Future
Downturns – At
present, business is good for manufacturers in western Michigan. Mark
Ermatinger, vice president of sales at an automation consultancy, had this to
say:
“I’ve been in the automation side of the business since 1999 and
I don’t think I’ve ever seen it this busy.” Ermatinger added, “I think
manufacturers recognize they have to take advantage of the economy, and
spending money on automation is a safe and lucrative option.”
According to Mike Jeffrey, director of automation at ArtiFlex
Manufacturing, companies realize they need to invest in automation equipment to
avoid being caught off guard in the event of the next recession. If companies
eschew investments in automation, they will lack price competitiveness when the
market contracts.
Having learned from experience, manufacturers are looking at
automation to avoid setbacks in the event of a downturn. At the same time,
these preventative measures are proving beneficial to many manufacturers, even
during healthy economic times.
How to Determine Robot ROI – These days, and rightly so, we place
just about every purchase under the microscope to ensure it’s money well spent.
And when it comes to collaborative robots , the low cost, useful life
expectancy, versatility, and increase in productivity all make good cases to
justify the expense.
But how about the actual return on investment?
AutomationWorld published a blog recently to help answer that very
question. Here’s what the author had to say about a real-world manufacturing
automation example, based on the purchase of three robots and showing a first
year ROI of $195,000:
“Those numbers look pretty good, and that’s only for one-year.
In fact, your robot will last for many years (one of our manufacturing partners
has a planned robot replacement cycle of seven years). Therefore, once the
initial robot cost is covered, the payback dramatically increases.”
Sounds convincing, right? Now prove it using your own
numbers by taking a closer look at the ROI calculations here.
Next-Gen Robots Poised to Enter
Industrial, Commercial Markets –
IBD reports on the latest forecast for the robotics market, as a Piper Jaffray
analyst sums it with the following from a research report published last month:
“With robotic demand heating up across many different
industries, we believe the total market can sustain a 10%-plus compound annual
growth rate through 2020, and anticipate some of the faster-growing segments,
such as collaborative robots, autonomous guided vehicles and commercial drones,
can sustain 20%-plus annual growth levels for the next several years.”
The author zeroes in further on collaborative robots and goes on
to discuss the differences between traditional industrial robots and the newer,
more flexible cobots.
For a bigger collection of news and views on
these topics, hop on over to Cobot Central.
And subscribe above to get new blog post alerts delivered right to your
inbox, once a week at most. It’s an easy way to get a grip on the latest trends in manufacturing automation. So if you are looking for robotics training school visit
http://www.allindiayellowpage.com to get detail information.