Theory Nexus

Introduction: The manufacturing industry is one of the most essential sectors of the global economy. It is estimated that the industry will be worth around $85.6 billion by 2024, with significant growth in sectors such as aerospace and defense, automotive, medical devices, and energy. In recent years, the manufacturing sector has seen remarkable advances in technological innovations. From artificial intelligence to the internet of things, the sector has changed significantly. Among the latest technologies that are revolutionizing manufacturing is robotics. Robots are now being used in the manufacturing industry to execute various tasks that would otherwise be challenging or impossible for human workers. One of the areas that robotics is significantly impacting in the manufacturing industry is the use of mobile robots. This article will explore how mobile robots are streamlining production processes in manufacturing. What are Mobile Robots? Mobile robots are machines that are designed t...

Introduction The year 2020 has been a year of unprecedented crisis caused by the COVID-19 pandemic. The outbreak has brought about unprecedented disruption across various sectors of the economy around the globe and has challenged the governments across the world to take extraordinary actions to safeguard public health and economic stability. Pandemics are rare events that have far-reaching consequences and are difficult to predict. They are disruptions to normal functioning of economic and social systems, comprising the transition of wealth and resources across societies, and their impact extends beyond the public healthcare system and patients to affect the overall economy and industry sectors. This article aims to analyze the intersection of pandemics and economies, focusing on the impact of the COVID-19 pandemic on the global economy. The research objective aims to unveil the consequences of the pandemic on various sectors, and to find possible pathways through which it could lead t...