InvestorsHub Logo
Followers 16
Posts 4556
Boards Moderated 0
Alias Born 04/13/2016

Re: faithabides post# 192910

Monday, 06/22/2020 11:05:54 PM

Monday, June 22, 2020 11:05:54 PM

Post# of 281258
Silkworms raised by robots. Sounds expensive and inefficient.

Labor in Vietnam is cheap. That is a principal reason Thompson worked so hard to establish a company there. Robots are expensive and require trained technicians to repair along with a good supply chain.

There is nothing wrong with hiring human labor to take care of our silkworms. It would be far less expensive than developing robots to replace them. A malfunction in an automated facility might endanger the crop of silkworms, while people are quite reliable.

No reason on earth to think KBLB would be developing automated facilities. I don't think $24 million would be sufficient to develop, test, and deploy robots for this purpose. It also goes against KBLB's 'drop in replacement' idea.

KBLB can expand far more quickly and cheaply by hiring more employees to take care of silkworms than by spending money to develop robots to perform all of the needed sericulture tasks.

SMH
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent KBLB News