Can Marginal Technology Improvements Justify the Decision to Bring Manufacturing Back Onshore?

Information Technology and Innovation Foundation | October 16, 2019

Can Marginal Technology Improvements Justify the Decision to Bring Manufacturing Back Onshore?
According to a recent report by Information Technology and Innovation Foundation, as robots and other autonomous systems continue to improve in functionality and decline in costs, their likely impact on productivity will be significant. However, when speaking with IndustryWeek, report author and ITIF President Rob Atkinson mentions the current mix of robotic advances, deployment costs and investment incentives have not been enough to prompt widespread action. Right now, robotic technology is only marginally getting better and cheaper. As a result, it is not leading to the transformation we would hope for, he says. Eventually the technology itself will turn into a compelling proposition where we see faster breakthroughs and more comfort from manufacturers wanting to go down this path. The continued integration of AI into these deployments will definitely help.

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The U.S. International Trade in Goods and Services Report, produced jointly by the Census Bureau and Bureau of Economic Analysis, is the official source for U.S. import and export statistics. The report provides detailed trade data that are vital for informed decision-making in both the private and public sector.

Spotlight

The U.S. International Trade in Goods and Services Report, produced jointly by the Census Bureau and Bureau of Economic Analysis, is the official source for U.S. import and export statistics. The report provides detailed trade data that are vital for informed decision-making in both the private and public sector.

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