MT Magazine November/December 2024

How Increases in Automation Support Manufacturing Productiv Automation Supp How Increases in Automation Support Manufacturing Productivity uring Productivity How Increases in

Real Personal Consumption Expenditure for Durable Goods (Annualized)

$1,100 $1,300 $1,500 $1,700 $1,900 $2,100 $2,300 $2,500

Demand for nd for Deman manufactured goods exploded following 2020.

$500 $700 $900

1/1/07

7/1/08

4/1/09

1/1/10

7/1/11

4/1/12

1/1/13 10/1/13 Value (Billions)

7/1/14

4/1/15

1/1/16

7/1/17

4/1/18

1/1/19

7/1/20

4/1/21

1/1/22

7/1/23

4/1/24

10/1/07

10/1/10

10/1/16

10/1/19

10/1/22

Post-GFC Trend

Index of Average Order Value and Producer Price Index for Machine Tools (January 2019 = 100)

160

140

120

100

80

ugh workers to Without enough wo o ll manufactu open positions, man sitions, cturers are turning to automatio ing to au mation. Without enough workers to ll open positions, manufacturers are turning to automation.

60

40

20

0

1/1/98

9/1/99

7/1/00

5/1/01

3/1/02

1/1/03

9/1/04

7/1/05

5/1/06

3/1/07

1/1/08

9/1/09

7/1/10

5/1/11

3/1/12

1/1/13

9/1/14

7/1/15

5/1/16 PPI

3/1/17

1/1/18

9/1/19

7/1/20

5/1/21

3/1/22

1/1/23

9/1/24

11/1/98

11/1/03

11/1/08 Average Order Vlaue

11/1/13

11/1/18

11/1/23