2020 was supposed to be a record-setting year in U.S. red meat and poultry production. Instead, COVID-19 sickened 10,000 employees at meat processing plants, forcing more than three dozen plants to shut down temporarily. Now, meat plants are turning to robots to shield their businesses from future human capital disruptions, and there’s no better time than now to make such an investment: interest rates are low, corporate taxes are low, and capex rules work in their favor. A small group of robot manufacturers stand to benefit from this automation wave.
Related ETF: Robotics & Automation ETF (ROBO), Related Stocks (FANUY, YASKY, KUKAY, ABB)
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