One of the clearest beneficiaries of Coronavirus’ long-term effect on the global economy will be automation technology. Now that the human work force has been shown to be so vulnerable, the economic consequences of COVID-19 are unlikely to be forgotten anytime soon. Low interest rates combined with the rapid growth of AI will compound the effect of Coronavirus on demand for automation and robotics in services, manufacturing and logistics. A number of firms who have already begun to utilize automation are now benefiting from those timely investments into the technology.
Related ETF: Robo Global Robotics & Automation ETF (ROBO)
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