Economy Watch: Tech Set to Disrupt Retail, Industrial Employment

Economy Watch: Tech Set to Disrupt Retail, Industrial Employment

Some 80 percent of jobs in transportation, warehousing and logistics, and 63 percent of jobs in sales are susceptible to automation in the not-so-distant future, according to the latest Citi Global Perspectives & Solutions report. Retail is one industry in which employment is likely to vanish, but unlike manufacturing jobs, which are highly concentrated, the downfall of retail employment will affect every city and region.

Currently, U.S. companies employ 2 million people just to do stock and order fulfillment work and more than 90 percent of warehouse picking is currently done by hand. Migrating to automated picking results in productivity […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.