CURRENT AFFAIRS

Detailed explanation-1: -The Netherlands. The Netherlands is located in Northwestern Europe. It is known for high levels of automation as well as numerous robotics companies. As of 2021, the country’s robot density in the manufacturing workflow is 224 robots for every 10,000 human workers, according to the International Federation of Robotics.

Detailed explanation-2: -China’s massive investment in industrial robotics has put the country in the top ranking of robot density, surpassing the United States for the first time. The number of operational industrial robots relative to the number of workers hit 322 units per 10,000 employees in the manufacturing industry.

Detailed explanation-3: -There are about 2.7 million industrial robots in use across the globe. Roughly 400,000 new robots enter the market every year. The global market value of the industrial robotics industry is $43.8 billion, by revenue.

Detailed explanation-4: -Robots will increase economic growth and productivity and create new career opportunities for many people worldwide. However, there are still warnings out there about massive job losses, forecasting losses of 20 million manufacturing jobs by 2030, or how 30% of all jobs could be automated by 2030.