A survey by EY has found that 41% of companies are investing in accelerating plans for automation to take advantage of new technology.
52% of respondents said they had already been forced to reconfigure operations, as the pandemic had exposed vulnerabilities in supply chains and production processes.
Research by EY looked across 45 developed countries and found that nearly half of those surveyed had plans to replace elements of the human workforce. Business leaders were asked about how Coronavirus would affect their business:
- 73% of global executives expect COVID-19 to have a severe impact on the global economy
- 54% of respondents expect a longer period of slower economic recovery extending into 2021
- 49% reported stagnant or declining profit margins compared to 2 years ago even before the current crisis
- 95% expect further downward pressures on margins as the global economy slows
EY’s Steve Krouskos said:
“Business leaders are seeing their transformation plans paused or slowed currently. With these plans set to restart, possibly with added energy, once the situation stabilizes, executives will have to make faster moves to reimagine, reshape and reinvent their business and create long-term value.”
Source: EY 22nd Global Capital Confidence Barometer. https://www.ey.com/en_gl/news/2020/03/capital-strategies-being-rewritten-as-c-suite-grapples-with-immediate-impact-of-new-reality
The Case For Automation
For businesses looking to maximise their productivity, automation is seen as a key opportunity. It is a way to improve efficiency to make companies more competitive. Improving speed and consistency of output is a way to reduce operating costs and help boost profitability.
Whether choosing reconfigurable systems or bespoke automation, the versatility of automation means that companies in all sorts of sectors are planning to introduce ro expand their robotic process automation.
What’s more, the addition of collaborative autonomous intelligent vehicles has the potential to improve and integrate every step of the process from moving supplies and materials into start of the manufacturing process, through to production, packing and despatch. Connecting lines and processes by using AIV ticks the box for safety as well as efficiency, as Robopod®s Podconnect is a track-free system that recognises obstacles – even human or moving vehicles – to keep the operations area running safely as well as efficiently.
Mechatronic Solutions and sister company Robopod® have delivered systems in all sorts of sectors, enabling numerous clients to implement or develop their Smart Factory environments in areas including:
Established in 1988, Mechatronic Solutions (Mechatronic Production Systems Ltd) offer high tech automation solutions to a wide range of manufacturers. As well as bespoke automation machinery, the company also created the innovative Robopod®, a reconfigurable system with a standardised platform which is endlessly adaptable to the client’s requirements.
Mechatronic Solutions are thought leaders in world-class automation. The high tech systems have enabled clients in a range of sectors and industries to achieve greater efficiency, improving speed of production but also greater accuracy and more consistent quality of output. The intelligent systems provide information which gives commercial and operational benefits too.
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