Tag: productivity

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 […]

Dystopia ahead at home and world

Dystopia ahead at home and world

The rate of creation of new jobs in the more technologically sophisticated economy was much slower than before, leading to the phenomenon of jobless growth. The current problems of the Indian economy have been aggravated by the government’s refusal to accept the clear body of evidence suggesting an economic slowdown. Hence the government does not seem bothered to tackle the challenges of declining growth, rising inflation, and growing unemployment. While economic growth and inflation can still be addressed by corrective policies, unemployment is a more long-term difficulty that cannot be sorted out by appropriate macroeconomic policies alone. Unemployment is […]

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 […]

The Impact of Security Automation on Hiring Trends

The Impact of Security Automation on Hiring Trends

51% believe that automation will lead to a loss of employment opportunities within the security field

Compiling data drawn from surveys sent out to more than a thousand IT and IT security practitioners within the UK and US, the Ponemon Institute, in collaboration with DomainTools, have recently published their insights in the report titled “Staffing the IT Security Function in the Age of Automation”. Will automation shrink IT security functions’ headcount?

According to the report, more than half of the respondents (51%) believe that automation will lead to a loss of employment opportunities within the security field. This mentality […]

Crazy idea but hear us out… With robots taking people’s jobs, can we rethink this whole working to survive thing?

Crazy idea but hear us out... With robots taking people's jobs, can we rethink this whole working to survive thing?

A nation of takeout deliverers

The adoption of industrial robots in France makes manufacturing businesses more productive and profitable but at the expense of jobs, according to a recent paper presented by the National Bureau of Economic Research, a private, non-profit, non-partisan research organization in America.

In a paper titled "Competing with Robots: Firm-Level Evidence from France," economics professors Daron Acemoglu (MIT), Claire LeLarge (University of Paris Saclay), and Pascual Restrepo (Boston University) analyzed 55,390 French manufacturing firms to study the economic impact of robot adoption.Within that data set, 598 French companies deployed industrial robots between 2010 and 2015. The […]

Automated manufacturing helps Northern California firms do more with shallow labor pool

Automated manufacturing helps Northern California firms do more with shallow labor pool

The world of work increasingly will be automated, from the “internet of things” interconnecting management with production equipment such as industrial robots. Here’s a look inside a local company that is incorporating advances in such bots to expand sales without losing its workforce.

“When automation comes in, people are nervous,” said Jim Happ, president of Labcon North America, based in Petaluma. “And you just have to keep reassuring them until they see that it makes their life better, that they actually have the potential to make more money because they’re doing higher-value work.”

Labcon makes research consumables such as pipettes used […]

Emerging trends that will shape HR in 2020

Emerging trends that will shape HR in 2020

#GuestArticle

oday employees work more productively than ever before. Let’s look at some of the emerging HR trends for 2020. The world of work has been changed drastically in the previous decade. So it’s no surprise that the role of HR has transformed too. Consider the impact of the 2008 recession and significant technological advances like internal social media networks that have changed how we work. Today employees work more productively than ever before.

2020 will be another big year for HR; HR will be influenced by new trends that may transform the sector. HR professionals need to keep an […]

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, […]

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 […]

Robotisation could boost economy by $100b in 2030

Robotisation could boost economy by $100b in 2030

This GDP growth comes with a high robotisation rate of 44%, according to Oxford Economics.

The economy could get boosted by as much as $100b should Singapore achieve the optimal growth rate of robot installations across all sectors, according to an analysis by Oxford Economics. The firm calculated a 20% difference in Singapore’s GDP by 2030 with the high- and low-robotisation scenarios that it established.

Sung Eun Jung, economist at Oxford Economics, explained in a note, “Our scenarios were based on historical periods of growth in Singapore’s operational stock of robots. In the high scenario, we assumed that the robot stock […]