What Europeans take for granted – high quality of life, wages and strong protections – is not guaranteed. With most of high-volume production moving to Asia, European competitiveness is being quietly eroded.
Once Europe loses the capability to produce products at a quality-to-price ratio better than competitors in other regions, production inevitably moves elsewhere.
The result is a structural decline in industrial capacity, with Europe ceasing to be a manufacturing continent and becoming primarily an importing one. [Read more…] about Embodied AI launches a robotic workforce to ‘solve the European manufacturing crisis’