The $2,100-A-Month Factory Robot: Rapid Robotics Pushes To Automate Small Manufacturers, Helped By $12 Million In New Funding

URLhttps://www.forbes.com/sites/amyfeldman/2021/04/06
SourceForbes
Date Published04/05/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Rapid Robotics
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):17.5
City reshored to:San Francisco
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products, Transportation Equipment
Product(s) reshoredrobots for simple manufacturing jobs
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Lead time/Time to market, Skilled workforce availability/training, Other, import replacement
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