Crunch time for China's robot startups as pandemic brings pain and opportunities - News Summed Up

Crunch time for China's robot startups as pandemic brings pain and opportunities


REUTERS/David KirtonAsiaInterest in robots has surged worldwide as the pandemic forces hospitals, manufacturing and services companies as well as governments. “If the industrial robots can’t sell right now, we just focus on other robots to lower the risks,” Song said. But in China, months ahead of many countries in reopening its economy and the world’s biggest market for industrial robots, new business seems largely limited to robots for warehouses and disinfecting. Most clients are now too spooked by the uncertain business climate to invest in expensive factory gear, industry executives say. “Nobody has a crystal ball now.”SEE ALSO: Kitale SDA church defies order, holds service for second timeChina’s industrial robot sales tumbled by a fifth in the first quarter from a year earlier, according to Shanghai-based consultancy Stieler Enterprise.


Source: Standard Digital June 15, 2020 06:45 UTC



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