All About Logistics Robots

The increase in the number of logistics and warehousing companies that are heavily focused on integrating robots to reap the benefits of improved efficiency, speed and increased profits to remain competitive in a market. Adoption of advanced technologies such as robotic warehousing and logistics technologies is increasing to improve operational efficiency at an affordable price. The global logistics robot market is being driven by factors such as a growing percentage of aging population worldwide leading to labor shortages and the expansion of supply chain networks across the world, but heavy capital investments for deploying logistics robots are expected to restrain the market growth of the logistics robots market during the forecast period. However, rising warehouse automation and well-established market in Asia-Pacific and European countries are likely to present significant growth opportunities in the near future to improve market share for industry players.

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The growing percentage of aging populations around the world is one of the main factors behind workforce reductions in various industries. Every country around the world is experiencing an increase in the number of older people in their community. Population aging has become one of the major drivers of social change in the 21st century across all sectors, including labor and financial markets. However, various countries like Italy, Japan and many more are the countries that list the largest proportion of aging population by considering a significant percentage of their population over 65 years old. According to the WHO, around 2 million people around the world are expected to be over 60 by 2050, triple the number in 2000. The increase in the number of aging populations is responsible for labor shortages.