Industrial Automation / Control Systems / Industrial Robotics

Is automation the new outsourcing?

By Jia Jen Low for TechHQ

Feb 14, 2020

According to new research reported by Axios, analysts who cover more than 3,000 companies from Bank of America Securities are observing a “tectonic shift in global supply chains.”

The research points to 12 global sectors where 80 percent of companies — which account for US$22 trillion of market cap in North America, Europe, and Asia (excluding China) — plan to move at least a portion of their supply chains.

Nine out of 10 respondents attribute the shift to the rise of automation, which has made the benefits of outsourcing and offshoring less cost-effective.

To learn more, read "Could automation make outsourcing history?" from TechHQ.