Robots In The Enterprise: Why Adoption Is Crucial, Yet Lagging [Forbes]
Tennant Company (TNC)
Last tennant company earnings: 2/20 08:30 am
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Source: Forbes
Commercial robots, once confined to science fiction, are now a tangible reality, poised to revolutionize industries from hospitality and healthcare to food service and logistics. The global commercial robotics market, worth $46.11 billion in 2024 , is projected to grow to $73.01 billion by 2030. Similarly, within the United States, the adoption of commercial robots is accelerating, driven by factors such as labor shortages, rising operational costs and the pursuit of operational efficiency. Why Enterprises Should Consider Investing In Robots The imperative for commercial robot adoption is driven by a confluence of economic and operational pressures. Addressing Labor Shortages A persistent labor shortage across industries has driven the adoption of commercial robots to fill critical roles. For instance, the food service industry faces a worker shortage, with up to 45% of restaurant operators looking to hire more labor to meet rising demand, making automation indispensable. Fur
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- Tennant (NYSE: TNC) is now covered by analysts at Northcoast Research. They set a "buy" rating and a $125.00 price target on the stock.MarketBeat
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- Tennant Company Introduces Lithium-Ion-Powered T12 and T16 ScrubbersBusiness Wire
- Tennant (NYSE: TNC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Tennant Company Reports Third Quarter 2024 ResultsBusiness Wire
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