From OPTO Trading Intelligence
The industrial part of the global economy has seen plenty of volatility this year. While the sector has been subject to various ups and downs over the last few years, there have been a few growth trends that have held steady.
A key emerging trend in the industrial sector is the acceleration of warehouse automation and smart factories. This trend was featured in a recent ‘Logistics Report’ put together by The Wall Street Journal, which highlighted how the coronavirus pandemic has resulted in companies making deeper investments into logistics technology and distribution centres.
The trend is being driven by both an increase in online shopping and social distancing restrictions within warehouse operations, which is furthering a need for more technological solutions. Indeed, automation leader Honeywell’s [HON] ‘Intelligrated Automation Investment’ study revealed that companies working in the e-commerce, food and beverage and logistics sectors are most willing to increase investments in automation.