There’s an attention-grabbing article in The Telegraph that cites some western executives who’ve toured Chinese language factories lately.
Additionally they quoted a statistic that I feel is perhaps the most-important one on the planet: China added 295K robots final 12 months, the US added 34,000.
Fortescue Metals Group President Andrew Forrest:
“I can take you to factories [in China] now, the place you’ll mainly
be alongside a giant conveyor and the machines come out of the ground and
start to assemble elements,” he says.
“And also you’re strolling alongside
this conveyor, and after about 800, 900 metres, a truck drives out.
There are not any folks – every little thing is robotic.”
Greg Jackson, the boss of British power
provider Octopus.
“We visited a darkish manufacturing unit producing some astronomical variety of
cellphones”
“The method was so closely automated that there
had been no employees on the manufacturing aspect, only a small quantity who had been
there to make sure the plant was working.
“You get this sense of a
change, the place China’s competitiveness has gone from being about
authorities subsidies and low wages to an amazing variety of extremely
expert, educated engineers who’re innovating like mad.”
Ford CEO Jim Farley from July:
“It’s essentially the most humbling factor I’ve ever seen.”
“Their value and the standard of their automobiles is way superior to what I see within the West.”
“We’re in a world competitors with China, and it’s not simply EVs. And if we lose this, we would not have a future at Ford.”
There’s a good likelihood the battle is already misplaced
