Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
The Coronavirus pandemic impacts many parts of the economy including manufacturing and automation.
We’ll see changes in the following ways:
Manufacturing will shift back to the US to secure the supply chain for critical needs.
Companies will accelerate plans to automate functions to replace workers who may be in quarantine.
New technologies such as 3D printing, robotics and automation systems will see increased usage to provide basic infrastructure.
Flexible systems will be set up to build necessary products based on the current need.
Robotics will be used throughout the manufacturing process and not just final assembly.
Automation and robotics will be set up to provide healthcare supplies such as ventilators, personal protective equipment, and vaccines.
There will be an explosion in startups to supply this new manufacturing demand.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let’s go startup something today.
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