The Boston Consulting Group (BCG) believes that using advanced robotics in manufacturing can save up to 15% on conversion costs, and that combining advanced robotics with other technologies, process enhancements, and structural layout changes can save up to 40%.
Advanced robotics is seen as a way for manufacturers to address the increasing complexity of their manufacturing operations. The number of product variations, the frequency of new product launches, and the demand for customised products have all increased dramatically in recent years. The ability of traditional automation to meet producers' requirements for transparency, productivity, and flexibility has reached its limit in this more complex operating environment. Simultaneously, labour shortages and rising labour costs have increased pressure on manufacturers to automate tasks that human workers perform manually.
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