Can Robots Lower Labor Costs and Solve Labor Shortage For Your Company?

Over the last 50 years the cost of labor in manufacturing has risen steadily. The willingness of many people to perform highly repetitive tasks on assembly lines has decreased. As a result, labor shortages have increased. Can robots lower labor costs and solve labor shortages?

Where Can I Save Costs?

With robotic automation products, you benefit from these key cost saving features;

• Top Quality – High quality products provide consistency and precision allowing significant savings.
• Avoid Waste – Robots perform with exact accuracy, saving valuable materials.
• Space Efficiency – Industrial robots compact bases fit in confined spaces saving valuable floor space.
• Production – Reducing production time increases profits.
• Labor-Cost – Repetitive tasks can be given to robots making manufacturing more efficient and cost-effective. This lowers chance of strain injuries caused by repeaintg motions.
• Safe – Robots provide safe work environments along with fewer mistakes. They can perform dangerous and dirty jobs that humans aren’t safe performing.

How Robots Solve Labor Shortages

You can’t stop people from retiring, of course, but that
doesn’t mean there’s nothing to be done. In fact, old manual assembly lines have already been largely replaced by automation. However, many places still exist to automate the tasks people don’t want to do or aren’t well suited for. That’s where robots come in.

Collaborative robots solve labor shortages. Furthermore, they are a great example of new automation options that can help solve some labor shortage problems. By automating those tasks, you’ll free up those workers to take on other jobs that are harder to fill.

Robotic ROI

The equivalent hourly cost of robot labor has steadily declined. One thing that’s not often discussed with collaborative robots is their ability to provide quicker return on investment (ROI) than their heavier, more dangerous industrial counterparts. Furthermore, collaborative robots are traditionally cheaper than industrial robots, and still provide a much faster ROI when accounting for this fact.