Automation, AI and Reshoring: Inflation and Interests Rates Won’t Stop Growth
Video Player is loading. Play Video Play Mute Current Time 0:00 / Duration 0:00 Loaded: 0% Stream Type LIVE Seek to live, currently behind liveLIVE Remaining Time -0:00 ShareRelated videos 1x Playback Rate 2x 1.75x 1.5x 1.25x 1x, selected 0.75x 0.5x Chapters Chapters Descriptions descriptions off, selected Captions captions settings, opens captions settings dialog captions off, selected Audio Track Fullscreen Quality Levels Cast to Chromecast This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteTransparencyOpaqueBackgroundColorBlackTransparencyOpaqueWindowColorBlackTransparencyTransparent Font Size100%Text Edge StyleNoneFont FamilyProportional Sans-Serif Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Close Modal Dialog This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Related videos Close Modal Dialog This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Close Modal Dialog This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. This is a modal window. RestartShare Play Mute Current Time 0:00 / Duration 0:00 Loaded: 0% Stream Type LIVE Seek to live, currently playing liveLIVE Remaining Time -0:00 1x Playback Rate Picture-in-PictureFullscreen With a chronic industrial labor shortage in America, combined with climbing interest rates and high inflation, the challenges for American manufacturing are increasing. Geopolitical conflict with Russia, strained relations with China and the emergence of artificial intelligence are adding even more uncertainty. For the automation sector however, these challenges present a golden opportunity for a major revamp of the how, why and where of American manufacturing. Association for Advancing Automation CEO Jeff Burnstein makes the case for a bright future, in conversation with Jim Anderton at Automate 2023 in Detroit. Access all episodes of This Week in Engineering on engineering.com TV along with all of our other series. Episode Transcript: Jim Anderton Welcome to a special This Week in Engineering from Automate 2023 in Detroit, Michigan. I’m with Jeff Bernstein. He’s president of the Association for Advancing Automation. And Jeff, there’s a real vibe on the show floor behind us. It’s been a busy, busy show. A lot of interesting technologies on display out here. A lot of excited people. I’m hearing a lot about A.I.. It’s the heights on everyone’s lips these days at this point. We’re seeing it in action on the show so far here. What’s your feeling? Do you think it’s going to be a real factor in automation this year? Jeff Burnstein I do think it’s going to be a real factor. It’s increasing in its ability. I mean, we’ve been hearing about A.I. for the whole four decades. I’ve been involved in robotics and automation starting to, you know, really become a an exciting technology with a lot of applications. Fact One of the featured theater presentations is a panel of A.I. experts talking about chat and the impact it will have on industrial automation. Jim Anderton Now it’s coming out of COVID. Of course, a lot of talk about reshoring and near shoring. The labor equation is still the problem down here. The obvious solution would seem to be to automate you automate your way out of these problems down here. But historically it’s been hard for small to medium midsize companies to break in. It’s been complex and expensive. I’m seeing some lower cost, easier to use solutions now, too. Is this is this industry going to reach down into the future? Mom and pop job shop operations? Jeff Burnstein Well, we certainly hope so. We’ve made a lot of progress in those areas, like you said, in terms of ease of use and lower costs. And, you know, companies don’t have the skilled labor pool that would have been necessary to do more complex robots. But maybe now with these advances in no code and low code that we’re going to be able to see smaller companies starting to automate at a greater scale. Jim Anderton Now we see it in the alternate energy space, things like electric vehicle battery companies. The Biden administration’s been throwing around a lot of money, a lot of cash to be had for certain sectors at this point. Is the regulatory, the tax environment, is it conducive right now for for the automation industry or to switch to advanced automation? Jeff Burnstein Well, there was a tax incentive that expired recently that was helpful where companies could expense […]
