Cheaper and faster robots on the march in workplace

Cheaper and better robots will replace humans in the world’s factories at a faster pace over the next decade, driving down labour costs by 16%, a report has said.

The Boston Consulting Group predicts that investment in industrial robots will grow 10% a year in the world’s 25-biggest export nations up to 2025, up from 2% to 3% a year now.

The investment will pay off in lower costs and inc-reased efficiency.