Robots are being introduced, with increasing frequency in the workplace, and analyst, Paul Mampilly says robotics make exciting investments.
Undoubtedly, automation continues to increase. Producing robots have become cheaper and easier than ever before. That’s why they are now found in almost every area of industry. In fact, robots are heavily used in agriculture, medicine and manufacturing every day. And as Paul Mampilly points out, the rapid progress of automation offers investors some exhilarating opportunities.
Just take a look at Adidas. Their German and American “speedfactories” have automated many of the manufacturing techniques, used to build their athletic shoes, with goals of making its shoe development 90 times faster. And Mampilly says Nike also uses robots on assembly lines.
Having robotic workers means being able to increase productivity, scrupulously following the guidelines set by the company. Labor is cheaper, there are fewer mistakes, and of course, that means overhead is reduced, which could all translate into a better product and perhaps, at reduced costs. And according to Paul Mampilly, unprecedented precision is so attractive that robots will lead to technological advances in every industry, and now is the time to take advantage of investment opportunities.
Manufacturing Moving Back To US?
Company heads have decided that China has become too expensive for manufacturing products, and the revolution, says Paul Mampilly is robots. Manufacturing hubs like Speedfactory was built as a pilot project in 2015, creating limited edition shoes by a large orange robotic arm. Fast forward to today, and Adidas is has the American-based Speedfactory 2, in Atlanta.
Adidas started with the development of performance shoes, and the next step will be the production of clothing, which they have already tested, says Mampilly. Soon, they’ll be no need for producing apparel and shoes overseas because robots are technically feasible to work anywhere in the US, which is cost efficient and saves production time. And according to Paul Mampilly, robotic technology is one of the most lucrative investment opportunities that everyone should take advantage.