March 28, 2017

DUNKIN' MNUCHIN:

This company replaced 90% of its workforce with machines. Here's what happened (Kristin Houser & June Javelosa, 16 February 2017, WEF)

It's hard to argue against automation when statistics are clearly illustrating its potential. The latest evidence comes out of a Chinese factory in Dongguan City. The factory recently replaced 90 percent of its human workforce with machines, and it led to a staggering 250 percent increase in productivity and a significant 80 percent drop in defects.

Changying Precision Technology Company's factory used to need 650 human workers to produce mobile phones. Now, the factory is run by 60 robot arms that work around the clock across 10 production lines. Only 60 people are still employed by the company -- three are assigned to check and monitor the production line, and the others are tasked with monitoring computer control systems. Any remaining work not handled by humans is left in the capable hands of machines.

According to Luo Weiqiang, general manager of the factory, the number of people employed could drop to just 20, and given the level of efficiency achieved by automation, it won't be long before other factories follow in their footsteps.

Posted by at March 28, 2017 6:07 PM

  

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