• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Sections A-Z
    • Agriculture
    • Aircraft
    • Artificial Intelligence
    • Automation
    • Autonomous vehicles
    • Business
    • Computing
    • Construction
    • Design
    • Drones
    • Economy
    • Energy
    • Engineering
    • Environment
    • Health
    • Humanoids
    • Industrial robots
    • Industry
    • Infrastructure
    • Investments
    • Logistics
    • Manufacturing
    • Marine
    • Material handling
    • Materials
    • Mining
    • Promoted
    • Research
    • Robotics
    • Science
    • Sensors
    • Service robots
    • Software
    • Space
    • Technology
    • Transportation
    • Warehouse robots
    • Wearables
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power
honeywell intelligrated palletizing

More than half of US companies are ‘planning to increase automation investments due to Covid-19’

July 24, 2020 by Mark Allinson Leave a Comment

More than half of US companies are increasingly open to invest in automation to survive changing market conditions brought about by the Covid-19 pandemic, according to a recent study by Honeywell Intelligrated.

The 2020 Honeywell Intelligrated Automation Investment Study reveals that the e-commerce (66 percent); grocery, food and beverage (59 percent); and logistics (55 percent) industries are most willing to invest more in automation.

Chris Feuell, chief marketing officer at Honeywell Intelligrated, says: “The global pandemic caused a sudden and seismic shift in the global supply chain driving distribution centers to embrace remote operations and social distancing work processes.

“Recent consumer studies have shown increased online purchases by 28 percent globally and buy online / pickup in store is expected to increase by more than 60 percent in 2020.

“Consumers want seamless integration between online and in-store shopping, buying and delivery experiences, and companies are adapting by deploying micro-fulfillment strategies, relying on automation solutions to improve speed and accuracy of order processing, fulfillment and delivery, and to optimize productivity and return on investment.”

With social distancing becoming more common in the workplace, automation and connected solutions can help continue operations where traditional labor physically cannot.

The use of robotic technology, guided work solutions and computer-controlled equipment is seen as very important by companies for future competitiveness.

Warehouse execution software (48 percent), order picking technology (46 percent) and robotic solutions (44 percent) – currently three of the most widely implemented solutions – are most expected to receive further investment soon, according to the study.

While these solutions are seen from the study to be essential to business success, the study reveals less than one-third of companies have scaled any of these solutions to date.

While nearly all companies have experienced positive business outcomes from automation solutions they have implemented, cost is by far the largest barrier to further investment, the study shows.

More than half of the consumer-packaged goods industry sees the cost of implementation as a major barrier in further automation.

Feuell says: “To ensure successful design and implementation of automation, companies need to partner with an experienced provider who can integrate these technologies to ensure they get the best return on investment possible.

“Companies are investing in technology to improve employee and customer safety, but these technologies, such as voice-guided solutions, and leveraging data-driven insights to make better operational decisions, are also easing the burden of tight turnaround times and leading to better customer interactions.

“There are several scalable solutions available where companies can see an immediate return on investment at a lower cost of entry.”

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Features, Industry Tagged With: automation, companies, cost, half, honeywell, investment, online, percent, return, solutions, study, technology

Join the Robotics & Automation News community

Reader Interactions

You must log in to post a comment.

Primary Sidebar

Latest articles

  • Elevator Shoes: Get the looks you want
  • ReactJS vs. VueJS: Understanding the Differences
  • Unleashing Creativity: Exploring the World of Unique Fabric Backdrops
  • Best Tips for Creating a Token: A Comprehensive Guide
  • Discover OPPNO Light’s Exceptional Office Lighting Solutions and Bubble Chandeliers
  • The Future of Learning: Integrating Robotics and Automation into Educational Programs
  • How to Perform a Network Security Risk Assessment
  • What is EMC and why is it important?
  • Hesai Technology to provide lidar for planned Cratus warehouse robots
  • Associated Food Stores selects Symbotic to implement warehouse automation system

Most Read

  • Snapchat Plus Planet Order 2023 Explained
    Snapchat Plus Planet Order 2023 Explained
  • Why is Money Important in Our Lives?
    Why is Money Important in Our Lives?
  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Figure raises $70 million Series A to support commercialization of Figure 01 humanoid robot
    Figure raises $70 million Series A to support commercialization of Figure 01 humanoid robot
  • Siemens unveils its first virtual PLC and new automation products
    Siemens unveils its first virtual PLC and new automation products
  • The Future of Personal Computers: What to Expect in the Next Decade
    The Future of Personal Computers: What to Expect in the Next Decade
  • How to Perform a Network Security Risk Assessment
    How to Perform a Network Security Risk Assessment
  • The Future of Learning: Integrating Robotics and Automation into Educational Programs
    The Future of Learning: Integrating Robotics and Automation into Educational Programs
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible

Overused words

ai applications automated automation automotive autonomous business companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse work

Secondary Sidebar

Latest news

  • Elevator Shoes: Get the looks you want
  • ReactJS vs. VueJS: Understanding the Differences
  • Unleashing Creativity: Exploring the World of Unique Fabric Backdrops
  • Best Tips for Creating a Token: A Comprehensive Guide
  • Discover OPPNO Light’s Exceptional Office Lighting Solutions and Bubble Chandeliers
  • The Future of Learning: Integrating Robotics and Automation into Educational Programs
  • How to Perform a Network Security Risk Assessment
  • What is EMC and why is it important?
  • Hesai Technology to provide lidar for planned Cratus warehouse robots
  • Associated Food Stores selects Symbotic to implement warehouse automation system

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

July 2020
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Jun   Aug »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT