Robots Replacing People. Chinas move to robotics should raise alarm bells for any executives still doubting the speed of the transition now underway. With a workforce of around 900 million people and the still fresh memory of an economic miracle built on low-cost labor, China might seem an unlikely place for robotics to explode.
In fact, companies like Foxconn have spent several years developing and installing thousands of industrial robots. In 2015, China bought more industrial robots than all of Europe. Even faster growth was seen in Mexico, which nearly doubled units bought compared to 2014.
The robotics revolution was long thought to be mainly about Europe, Japan and the US. No longer. The whole world is on board and things are speeding up.