Converging long-term trends are creating the opportunity for robotics platforms and automation solutions to revolutionize physical industries by augmenting human labor at scale for the first time. Physical industries encompass a wide array of sectors crucial to functioning society, from manufacturing, logistics, construction, and agriculture to healthcare and hospitality. These industries have largely depended on human labor, combined with other resources, as the key input to drive economic growth. Due to technological limitations, robotics solutions of the past have been limited to simple, repetitive tasks. However, advancements in the last ten years in generative AI, computational power, and data storage and processing ability along with decreasing hardware costs have finally opened the door for robotics solutions to complete complex tasks in high-variability, high-mix environments with solutions that can be deployed in an economically attractive manner. At the same time, large and growing labor gaps (the difference between labor needs and available labor) across all industries will only continue to grow in the coming years and decades. Automation of physical industries is the only solution that will enable society to bridge these permanent labor gaps to maintain economic growth. AVP believes that we are in the early stages of massive transformation for physical industries driven by the adoption of robotics platforms due to these market tailwinds.
