Retail giants turns to automated warehouse concepts with labor availability still a struggle

Retail giants turns to automated warehouse concepts with labor availability still a struggle

imaginima/E+ via Getty Images The concept of automated warehouses is catching more attention with staffing shortages still an issue even with employment levels across distribution centers at all-time highs and wage increases doled out. While short term strategies such as bonuses, accelerated pay raises and tuition reimbursement are noted by McKinsey to be helping, the long-term implications of a high reliance on labor are becoming more clear in the retail industry amid both the pandemic and recovery period.

Many retail giants are already well on the path of investing in automation industry technology and innovations. New concepts include […]

Europe – 12 million jobs predicted to be lost to automation by 2040

Approximately 12 million jobs will be lost to automation across France, Germany, Italy, Spain, and the UK by 2040, according to a report from research and advisory firm Forrester.

The report showed that while the pandemic continues to pressure European businesses to invest more heavily and rapidly in automation, this is not the only factor contributing to the forecasted job loss.

Workers with little bargaining power are most at risk of displacement, especially in countries where many are subject to casual employment contracts, including zero-hour contracts in the UK, which require no guaranteed working hours, or part-time jobs with low wages, […]

Fail to Embrace Autonomous Robotics & Technology and Fall Behind – by Daniel Milford

Fail to Embrace Autonomous Robotics & Technology and Fall Behind – by Daniel Milford

210818 – Harrison Vince candid with Spot the Robot Dog #4 Australian business must embrace automation if they’re going to grow and remain competitive into the future, explains Daniel Milford (pictured, below).

Few leaders have a mature understanding of how to leverage technology in managing their business and leading their customers and employees into the future.

Companies that talk about rather than act upon transforming their business models and work culture to include autonomous robotics, jeopardise the life expectancy of their business.Unless they embrace robotics, they will cease to exist. You need an automation program if you are going to […]

How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment

How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment

Cars on production line in factory. Photo by alvarez, via Getty Images A new working paper explores the increase in labor market power in the US and what’s driving it. It shows manufacturing workers were paid their competitive value in 1972, but only about 50 cents on the dollar by 2014, pointing to technological change as the key driver.

Does antitrust have a labor market problem? The last few years have seen growing interest among academic scholars in the causes and effects of concentration in US labor markets. Concurrently (and not unrelated), there has been an explosion of interest […]

Now You Can Rent a Robot Worker—for Less Than Paying a Human

Now You Can Rent a Robot Worker—for Less Than Paying a Human

Will Knight

Business

01.18.2022 07:00 AM Now You Can Rent a Robot Worker—for Less Than Paying a Human Automation is reaching more companies, imperiling some jobs and changing the nature of others. Formic rents robots to industrial and warehousing companies. Courtesy of Formic The AI Database → End User Small company Sector Manufacturing Source Data Sensors Technology Robotics Polar Manufacturing has been making ​metal ​hinges, locks, and brackets ​in south Chicago for more than 100 years. Some of the company’s metal presses—hulking great machines that loom over a worker—date from the 1950s. Last year, to meet […]

New data reveals 12m European jobs could be lost to automation by 2040

New data reveals 12m European jobs could be lost to automation by 2040

Research firm Forrester has forecasted that 12 million jobs will be lost to automation across Europe by 2040, with 34 per cent of European jobs at risk.

According to Forrester’s Future of Jobs Forecast, workers with little bargaining power are most at risk of displacement, especially in countries where many are subject to casual employment contracts, including zero-hour contracts in the UK, which require no guaranteed working hours, or part-time jobs with low wages, such as “mini-jobs” in Germany.

Job losses to automation will subsequently impact European workers in wholesale, retail, transport, accommodation, food services, and leisure and hospitality on a […]

Three Key RPA Trends to Watch Out For in 2022

Three Key RPA Trends to Watch Out For in 2022

Three Key RPA Trends to Watch Out For in 2022-01 In 2022, robotic process automation (RPA) will be about the progression and maturation of existing trends, rather than what’s new and shiny.

RPA is a goal-oriented technology that crosses paths with those major IT pillars in a variety of ways. It’s been overhyped, and now it’s moving into a more mature stage, with IT leaders and their teams focusing on use cases that truly function and produce results.

One of the enticements of automation is that it can be done in small steps. In many cases, this is automation as […]

The path to digital government

The path to digital government

88% of global government leaders say that automation is a priority for their organizations and they believe automation increases productivity, reduces operating expenses, and frees up employees to take on higher-value work.

Globally, public sector institutions are on the path to digital transformation. Yet they are faced with technological, cultural, and regulatory challenges. In recent years, several governments have created plans to encourage the adoption of disruptive technologies, like robotic process automation (RPA) and artificial intelligence (AI). Many have already adopted automation technologies and have seen results like improved productivity, more engaged employees, and cost efficiencies.

This paper uses case study […]

VUCA—The Future of Work

VUCA—The Future of Work

VUCA is society-defining. For the uninitiated, VUCA is Volatility, Uncertainty, Complexity, and Ambiguity. Not change, this is about the acceleration of change. We can already relate to this, in the just-here-future in the health domain. Powered by AI and automation, we are globally experiencing significantly higher levels of wellness, a tenfold increase in the productivity of doctors, nurses and medical infrastructure. Taking the guesswork out of medicine and surgery at a fraction of current costs, these changes will disrupt “work” in this sector.

Our world is plateauing on literacy, knowledge access is universal, epic demographic shifts and relentless digitalisation are […]

The 7 Jobs AI Will Most Likely Replace in 2022

The 7 Jobs AI Will Most Likely Replace in 2022

While AI will definitely cause some unemployment, it’s hard to say how many jobs will be replaced by technology in the near future. Some reports predict that as many as 42% of jobs will be replaced by AI in the near future, though others say that this estimate is far too high and that the real number is closer to 9%. The 7 jobs AI Will Most Likely Replace in 2022 – by Maxwell Alexander, MA, BFA, BS, EIC, Hudson Valley Style Magazine Whatever the number of jobs replaced turns out to be, there are still plenty of ways […]