Like those dumplings? A robot  may have made them

Like those dumplings? A robot  may have made them

We continue to hear more and more about one aspect of our Disruptive Technology theme taking jobs. Yes, we’re talking about the growing use of robots as companies look to reduce costs while driving output higher. While we expect the use of robots to grow over time and expand the number of applications, we thought it would be a little longer until robots would be making our dumplings.

https://youtu.be/uCpczsH2z7U

A factory in northern China is now making frozen dumplings without a single human.

The fully automated factory follows an accelerating trend for Chinese manufacturers to replace human workers with machines. Instead, rows and rows of robots work 24 hours a day in the unmanned factory in Qinhuangdao, Hebei province. They knead the dough, add stuffing, fold the dumplings, package them and fast freeze them.

Last year, the output of industrial robots grew 30.4 per cent. The central government laid out the goal in its latest five-year plan to produce 100,000 industrial robots every year by 2020.If AI takes over the world, capitalism may well not surviveCompanies such as Taiwanese manufacturer Foxconn, which makes products for Apple, have cut tens of thousands of employees by replacing them with machine labour.

Source: Inside the Chinese dumpling factory where robots do all the work | South China Morning Post

About the Author

Chris Versace, Chief Investment Officer
I'm the Chief Investment Officer of Tematica Research and editor of Tematica Investing newsletter. All of that capitalizes on my near 20 years in the investment industry, nearly all of it breaking down industries and recommending stocks. In that time, I've been ranked an All Star Analyst by Zacks Investment Research and my efforts in analyzing industries, companies and equities have been recognized by both Institutional Investor and Thomson Reuters’ StarMine Monitor. In my travels, I've covered cyclicals, tech and more, which gives me a different vantage point, one that uses not only an ecosystem or food chain perspective, but one that also examines demographics, economics, psychographics and more when formulating my investment views. The question I most often get is "Are you related to…."

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