The Association for Advancing Automation, a robot trade group, has reported that workplace robots increased by 40% during the first quarter of 2022 versus the same period in 2021.
That is on top of a 22% year-over-year surge in 2021.
Employers are buying robots because they can’t get people to do the work. People don’t want to work or if they do, they want a great deal of money to do so.
Furthermore, supply chains have been disrupted. Some industries saw a jump in demand and others saw demand dry up.
In the past if you got hit with high demand, you could add another shift or work on weekends. All you needed was people to grind more metal or cook more pizza. However, the last couple of years have shown that our workforce just isn’t doing the job.
Just five years ago, things used to work. Shelves were full, and airlines didn’t cancel every other flight. Now nothing works.
This is where robots come in.
Today, there are robotic solutions for semiconductors, automobiles, food servers, and even robots that deliver pills to hospital rooms. My local grocery store has a robot with cameras that wanders up and down the aisles looking for shoplifters.
According to The Wall Street Journal:
California-based Delphon lost 40% of its production days in January after COVID-19 worked its way through their workforce. So they bought three additional robots to fill the gap. The company began leasing robots around four years ago, which has since grown to 10 robots — four of which work side by side with employees.
Two robots reduced a three-person printing crew to one, saving $16,000 per month in expenses.
The thing about robots is that they don’t stop for a smoke break, take lunch, join a union, have a 401(k), or skip work because their cat died, although they do cost a lot of money upfront and need someone to keep them running.
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Robot Century
Robots have been around for decades. I remember as a kid that robots were taking good union jobs at the local Chevy plant. But the real game-changer is that now Elon Musk has put his considerable engineering skill toward creating a humanoid robot. So you have the advances in autonomous driving, artificial intelligence, and a battery pack. We are at the technological tipping point where working humanoid robots are six months away.
Musk will unveil his robot this fall.
It’s called Optimus, and it looks like something out of a science-fiction flick, but this robot is being developed as we speak.
This is not some expensive toy that brings you a margarita. The Tesla Optimus is designed to make life easier than ever for middle-class people. For example, it can move your couch up the stairs, pivoting as it goes.
Optimus will do everyday things, like take out the trash, water the garden, and gather firewood. Perhaps it will even clean the gutters.
As an owner of a Tesla Optimus, you won’t have to lift a finger for anything — unless you want to.
“If you want to do it, you can,” Musk says, “but you won’t need to do it.”
And Musk wants the Optimus to be more than a personal servant that does your chores and heavy lifting.
As investors, you want to get in on this kind of big idea early. And the obvious way to play it would be to buy Tesla (NASDAQ: TSLA). But Tesla is expensive, and it's not a pure play — nor do we know what part of Tesla might potentially be spun off years from now.
I've discovered a small company that makes the gyro-sensors for almost all major robots. These are the parts that tell the robot where it is, how to balance, how to grab, and how it gets out to the garage.
If this company's gyro-sensors go into the new Optimus, its share price could climb 1,000% or more. But don’t take my word for it… Read the free research here.
To your wealth,
Christian DeHaemer Christian is the founder of Bull and Bust Report and an editor at Energy and Capital. For more on Christian, see his editor’s page.
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