Selasa, 17 Agustus 2021

The #1 Stock to Buy in the Burgeoning Automation Economy

InvestorPlace

The #1 Stock to Buy in the Burgeoning Automation Economy

The world is being automated.

That's just an inevitable byproduct of technological advancement. As technology gets better and better, it eventually reaches a point where it surpasses humans at certain tasks. When that happens, companies start using the technology in place of the human, because a technology is cheaper and faster.

Automation is a natural part of the technological evolution.

Cars are being automated. Call centers are being automated. Delivery services are being automated. Software development is being automated.

Welcome, folks, to the Automation Economy.

In the Automation Economy, eventually and inevitably, almost all mundane and repetitive tasks will be automated.

One such vertical of this automated-everything megatrend that I'm super excited about is the seismic shift toward automated warehouses.

Automated warehouses will replace humans with artificial intelligence-powered robots that are fast, flawless, and cheap.

But right now, only 5% of warehouses are currently automated, and over 90% of picking is currently done manually.

In other words, everyone not named Amazon in the logistics and retail world needs to invest a lot of money into automating their warehouses over the next decade.

The result? A boom in demand for automated warehouse technology.

This boom will be massive. Consider how annual warehouse labor spending in the U.S. measures more than $230 billion. Throw in another $50 billion for automated material handling equipment (like forklifts), and you're talking about a $280-plus BILLION revolution here…

And one small company that no one is talking about today is at the epicenter of this boom.

This is an automated tech startup that I think could easily soar at least 30X from current levels, which is why I've included it in my brand-new portfolio designed exclusively for my 1 to 30 Wealth Summit, happening tomorrow, Aug. 18 at 7 p.m. ET.

You’re already signed up, so be sure to mark your calendars and visit 1to30wealthsummit.com a few minutes before the event

At my summit, I will unveil more details about where you can find my top stock to buy in the automation boom. In the meantime, take a moment to click here and learn more about this revolution happening in warehouse automation.

Sincerely,

Signed:

Luke Lango
Editor, Early Stage Investor

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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