Industrial automation is headed to a tipping point
Over the past few decades, industrial automation has evolved gradually, with few changes in market structure. But the pace of change is accelerating, thanks to technology disruptions and macro trends such as reshoring, a global skilled labor shortage, and environmental, social, and governance (ESG) efforts. Is the day likewise coming when software-defined manufacturing will turn shop floors into “smartphones with robotic arms”? A scenario analysis by McKinsey suggests the answer…

