The industrial automation sector is “paying the price for failing to think big and invest bigger”, according to a report by GlobalData.
The industrial automation sector was not in a great place before Covid-19 struck, having been slowed by flat capital expenditure and declining industrial production, says GlobalData, a leading data and analytics company.
The virus has since closed factory after factory worldwide with workers sent home. The reality is that despite much hype over the years, advanced factory automation has not been substituted for human workers at scale. [Read more…] about Industrial automation is ‘paying the price for failing to think big and invest bigger’