Tag: consumer

Robotics transforming non-traditional sector

Robotics transforming non-traditional sector

by Darrell Adams, Universal Robots Head of SouthEAst asia and Oceania

Agriculture and fishing industries in Vietnam and Thailand are increasingly turning to technology as cheap and abundant labor, which they long relied on, erodes. Rising wages across other industries have created a labor shortage in these traditional sectors, leading companies to turn to artificial intelligence (AI), robotics and drones.

This development is evident across Southeast Asia, where more sectors, beyond just manufacturing, are transforming through the adoption of new technology.The Philippines has lagged behind its more affluent neighbors in terms of economic and social development for many decades. Those […]

Is Automation Causing Economic Disparity?

Is Automation Causing Economic Disparity?

The utilization of both industrial and service robots has been increasing quickly during the past decade. There is little uncertainty this is leading to changes in income imbalance. Automation replaces tasks recently performed by low-skill labor, however, it likewise makes new tasks, generally more highly talented. Automation clarifies, to some degree, the poor labour market performance of low-talented laborers in cutting edge economies since 2000.

The total level of wages related with jobs that have the technical potential to be automated in the UK is £290 billion every year, which speaks to 33% everything being equal and income from labor […]

Will Automation Lead to Mass Unemployment?

Will Automation Lead to Mass Unemployment?

Recent advancements in robotics and artificial intelligence have some experts worrying about the coming obsolescence of the human worker. Some are even calling for a universal basic income provided by the government for everyone, under the assumption that work will become scarce. But economists seem to have a pretty different view from the futurist and Silicon Valley types.

One of the reasons that economists are skeptical is because much of the fear that has recently been stoked in the media is familiar. Every few decades, predictions about the “end of work” have pervaded public discourse, and they’ve always been wrong. […]

New technology could lead to ‘reshoring’— bucking the trend towards outsourcing which has dominated the US supply chain for decades.

New technology could lead to 'reshoring'— bucking the trend towards outsourcing which has dominated the US supply chain for decades.

The quest for high productivity with minimal capital has traditionally led US organizations to outsource manufacturing to countries such as China or Mexico, where labor and resources are cheaper, and profits, in turn, can be maximized.

Outsourcing began as a disruptive strategy as far back as the early 18th century, in line with the Industrial Revolution. Technological advancements then meant businesses could begin mass production, but this advantage came at a cost. Companies realized they could retain their structure by outsourcing labor to contractors when demands required.

In the 1970s, however, with the rise of consumer electronics, there was a wide […]

Advanced Economies’ Missing Link

Advanced Economies’ Missing Link

As 2020 gets underway, employment in both Europe and the United States is at a record high and still rising.

The job losses from the 2008 financial crisis and subsequent recession have been all but reversed. But you wouldn’t know it from the public mood in many developed countries. With so much good economic news, why is public sentiment so gloomy?

New research by the McKinsey Global Institute takes a deeper look at the advanced economies to determine how individuals’ experiences as workers, consumers, and savers have changed over the past 20 years.There is much to cheer about, including new opportunities […]

India’s IT industry created more jobs in 2019 than a year ago

India’s IT industry created more jobs in 2019 than a year ago

Do not buy the headlines. At a time when India is struggling with an unprecedented job crisis, at least one industry has not gone slow on hiring.

The nearly $200 billion Indian IT services industry created over 200,000 new jobs in 2019, up from 180,000 a year ago, industry body Nasscom said yesterday (Feb. 12). The sector now has a total workforce of 4.36 million.

Over seven in 10 CEOs believe 2020 will be another year of strong hiring, Nasscom’s survey of over 100 IT leaders found. “This is reflected in offers the industry is already making on campuses,” said Sangeeta […]

Advanced Economies’ Missing Link

Advanced Economies’ Missing Link

After a decade of recovery from the 2008 financial crisis, aggregate economic indicators across the OECD are looking bright, with GDP continuing to grow and employment reaching record levels. So why is public sentiment in the advanced economies so gloomy?

AMSTERDAM – As 2020 gets underway, employment in both Europe and the United States is at a record high and still rising. The job losses from the 2008 financial crisis and subsequent recession have been all but reversed. But you wouldn’t know it from the public mood in many developed countries. With so much good economic news, why is public […]

Other Voices: What’s next for the warehouse worker?

Other Voices: What’s next for the warehouse worker?

Other Voices: What’s next for the warehouse worker? Other Voices: Perspectives on shipshape distribution with a WMS Other Voices: Top strategies for boosting warehouse productivity Other Voices: Seven surefire ways to fuel warehouse productivity Smooth out the inbound with TMS More PathGuide Technologies News Maximizing Warehouse Space Utilization with Vertical Storage Before you tear down walls to expand or sign a lease for an additional facility, be sure you’re maximizing the space you currently have.
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Editor’s note: The following column by Eric Allais, president and CEO, PathGuide Technologies , is part of Modern’s Other Voices column, […]

A future that’s tense

By Patrick Simon et al

The next decade or two will likely bring about the biggest disruption to work and employment since the Industrial Revolution in the 19th century. In that era, machines replaced more than half of workers in some sectors during a span of only about 30 years.

This time around, the disruption could lead to even more dramatic consequences.… Executives say they’re unable to fill open positions that require skills in data science, digital technologies and advanced analytics. For the consumer packaged-goods (CPG) industry, the skill crunch is just around the corner, driven in part by the […]

Organised business and trade unions should consider joint ventures in IoT to kick-start ailing industries

Organised business and trade unions should consider joint ventures in IoT to kick-start ailing industries

C onnecting everyday physical objects to the internet and ensuring these can “talk” in the cloud may sound like something best left to science fiction writers. However, when you strip away the noise around machine-learning, robotics, the Internet of Things (IoT) and the coming Fourth Industrial Revolution, it becomes clear that an array of exciting opportunities for businesses and industries are on our doorstep in 2020.

The secret to success will be ensuring this data is harnessed so that a valuable action can be performed to benefit consumers, businesses and communities. The potential of this cutting-edge technology to lift under-performing […]