Tag: consumer

Jagler: Rockwell CEO cites 7 virtues of automation

Jagler: Rockwell CEO cites 7 virtues of automation

(Photo: Steve Jagler / Milwaukee Journal Sentinel) During the nasty presidential election of 2016, the word “automation” was tossed around derisively with other words such as “China,” “Mexico” and “illegal immigrants” as scapegoats that were taking away American jobs.

Given all that hyperbole, when the word “automation” is half of your company’s name, you’d better be ready to defend the concept.

Blake Moret is up for the task.Moret is the chief executive officer of Milwaukee-based Rockwell Automation.Rockwell is the world’s largest company dedicated to industrial automation and information. Through its flagship Allen-Bradley and Rockwell Software product brands, the company’s mission is […]

Automation’s Destruction Of Jobs: You Ain’t Seen Nothing Yet…

Automation's Destruction Of Jobs: You Ain't Seen Nothing Yet...

Authored by Charles Hugh Smith via OfTwoMinds blog,

Employers have no choice: it’s innovate/automate or die.

Automation–networked robotics, software and processes–has already had a major impact on jobs. As this chart from my colleague Gordon T. Long illustrates, the rise of Internet technologies is reflected in the steady, long-term decline of the labor force participation rate– the percentage of the populace that is actively in the labor market. The oft-repeated fantasy is that every new wave of technological innovation creates more jobs than it destroys. Not this time: the total number of full-time jobs has stagnated for […]

Amazon’s Real Agenda Behind Whole Foods Bid

Amazon's Real Agenda Behind Whole Foods Bid

There’s always a fine line between creative disruption and creative destruction. Such is the beastly nature of capitalism.

Amazon.com Inc. ‘s nearly $14 billion bid for Whole Foods is about more than just acquiring a means to sell high-end food products online. It’s about busting the supply chain in an ancient business.

I have no direct knowledge pipeline into Amazon’s strategy for acquiring Whole Foods , which is known for overpriced, organic products. But it’s clear that they want to re-invent the grocery business and create a new business model. There are several positive and negative scenarios. Jeff Bezos, chief […]

Manufacturing jobs in America: They’re not coming back

Manufacturing jobs in America: They're not coming back

Though it’s often cited as an example of declining manufacturing prowess, General Electric, once the most valuable company on the planet, is doing pretty well. The industrial conglomerate earned $8 billion last year on revenue of $124 billion, and its various business units are busy these days on such tasks as upgrading gas turbines at a major energy plant, creating water-quality monitoring systems, and, just a few weeks ago, signing a $5.5 billion contract to develop two power plants.

GE is building things and it’s creating jobs. The problem is, almost none of those jobs are in the U.S. It […]

When It Comes to Automation, Wall Street Needs to Learn from the Rust Belt

When It Comes to Automation, Wall Street Needs to Learn from the Rust Belt

This article was written by Devin Gharibian-Saki, Chief Solution Officer at Redwood Software.

It’s an innovative change that has already started slipping into reality: Wall Street’s corporations are waking up to the potential of automation and robotics in their workplaces. New automation software and integrations for robotics are filtering into Wall Street and, as a result, are implying a need for change in the industry. Manufacturing

Rust Belt cities like Detroit, Cleveland, Pittsburgh, and Buffalo have already seen the effects of automation on their respective workforces. Manufacturing jobs that once inundated these cities saw robotics and automation exert robust […]

A Techno-Optimist Take on Automation and Jobs

Reason writer Ronald Bailey outlines a strong case that fears about technological unemployment are overblown. For instance: He adds needed context to the recent finding by MIT economist Daron Acemoglu and Boston University economist Pascual Restrepo that each additional industrial robot in the United States results in 5.6 American workers losing their jobs.

But even taking the high-end estimate, job loss due to robots was has been just 670,000 since 1990 while “last year some 62.5 million Americans were hired in new jobs, while 60.1 million either quit or were laid off from old ones, according the Bureau of Labor […]

How automation is going to affect jobs in pharma, core,auto and consumer sector

How automation is going to affect jobs in pharma, core,auto and consumer sector

Robotisation is not a threat yet to human employment. The ratio of men versus machines is skewed towards humans. The workplace is at a tipping point with automation changing the way companies work. A host of sectors are beginning to adapt to the future of work in the context of automation. ET brings you a lowdown on how the pharma , core , automotive and consumers sectors are responding to automation, and what it means for skills and jobs in these industries.

PHARMA
Reskilling at the organisation level.
Areas where automation is happening. Manufacturing and supply […]

A techno-optimist take on automation and jobs

Reason writer Ronald Bailey outlines a strong case that fears about technological unemployment are overblown. For instance: He adds needed context to the recent finding by MIT economist Daron Acemoglu and Boston University economist Pascual Restrepo that each additional industrial robot in the United States results in 5.6 American workers losing their jobs.

But even taking the high-end estimate, job loss due to robots was has been just 670,000 since 1990 while “last year some 62.5 million Americans were hired in new jobs, while 60.1 million either quit or were laid off from old ones, according the Bureau of Labor […]

A techno-optimist take on automation and jobs

Reason writer Ronald Bailey outlines a strong case that fears about technological unemployment are overblown. For instance: He adds needed context to the recent finding by MIT economist Daron Acemoglu and Boston University economist Pascual Restrepo that each additional industrial robot in the United States results in 5.6 American workers losing their jobs.

But even taking the high-end estimate, job loss due to robots was has been just 670,000 since 1990 while “last year some 62.5 million Americans were hired in new jobs, while 60.1 million either quit or were laid off from old ones, according the Bureau of Labor […]

Consumer expectations drive Nike, Adidas’ automation in fashion

Dive Brief:

Roughly 20% of production for Nike and Adidas AG shoes will happen within automated factories by 2023 according to Morgan Stanley forecasts, driven in part by the "wear it now" mentality of modern e-commerce shoppers, Market Watch reported .

Lead times in future supply chains will drop by 66% or more, making products available faster and reducing Amazon’s e-commerce footprint. The athletic wear industry is forecast to expand to $355 billion from $290 billion, stealing market share from more traditional areas of apparel. Dive Insight: The overseas jobs that most welcome future automation currently are rote, menial […]