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...With annual revenues of €36bn last year and a big presence in China, Schneider — a specialist in automation and software that helps manage energy efficiency in buildings and data centres — has capitalised...
...The founder of China’s largest industrial automation company believes the key role played by the country’s robot makers in keeping global supply chains running will insulate them from rising global protectionism...
...As the need for automation in the manufacturing sector grows, top local robotics groups, including Siasun Robot & Automation and China Shanghai Step Electric, would be leading beneficiaries....
...He writes with Pascual Restrepo of the need for “removing incentives for excessive automation”....
...Due to the sheer size of the domestic market — which added a record 217 gigawatts of solar last year — companies invested heavily in larger scale manufacturing and automation....
...Demand for Siemens’ factory automation services has fallen, particularly in China, the German industrial conglomerate said as it reported earnings that fell short of analyst expectations....
...Describe how labour may affect economic growth and the potential impacts of a declining workforce How can the use of capital (technology and automation) offset the challenges posed by a low birth rate and...
...It’s both in China and outside of China.”...
...China has long been the largest market for Japan’s robot companies....
...Manufacturing wages in China have jumped tenfold since 2001. Shipping disruptions amid the pandemic have also compelled western companies to shorten their supply chains and de-risk from China....
...on China....
...McKinsey anticipates up to 30 per cent of worked hours in America will be affected by automation in the next six years....
...As the South China Morning Post reports, the EU member states are also divided about how tough to get with China. NOBODY COULD HAVE PREDICTED THIS....
...Berardi said Amundi was “tactically overweight” in sectors in which China had made significant progress, such as automation, robotics and clean technology, “while neutral overall”....
...Here’s what else I’m keeping tabs on today: US-China relations: The US Treasury secretary Janet Yellen will depart for China later today....
...Sales next year were likely to grow between 4 and 8 per cent, the company said, pointing to a relatively weak performance in its industrial automation business, which has been particularly reliant on China...
...South Korea’s Aseado has already incorporated AI in its manufacturing processes, through smart factory automation, and in quality checking....
...He said that under Nike’s $2bn “save-to-invest” programme it would streamline its organisation, simplify the products its offers and increase automation....
...Tan Eng Kee, whose Malaysia-listed factory automation equipment specialist Greatech Technology hosted Anwar on his visit to Penang, says the government needs to be “more focused” on growing local champions...
...Without the US support, a slowdown in consumer electronics demand in Asia and factory automation equipment in China would have taken a bigger toll on Panasonic’s earnings....
...That is because the advances in AI have come together with the automation of experiments with robots, allowing huge volumes of experimental data to be collected....
...Even for tech start-ups, such as X0PA AI — a software company that uses artificial intelligence and automation to help clients hire employees better and faster — the environment has been tougher....
...One scenario outlined by one of the papers involves the effect of AI systems “starting to provide effective automation in many domains” in the near future....
...The move comes as demand weakens for Panasonic’s consumer electronics and factory automation equipment in some markets including China....
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