Imagine a robot doing your holiday shopping; “that would have come in handy for Thanksgiving,” says Paul Mampilly. In last week’s tweet, Mampilly drew attention to an article about the eGrocery pilot program at Albertson’s grocery company. They aren’t the only store because Walmart, Kroger, and british-based Ocado Group are also using robotics to fill orders.
Stores are now focusing on the efficieny and the speed of distribution. Walmart began their program more than a year ago, using shelf-scanning robots, and they have expanded to grocery-picking. British-based Ocado Group uses a swarm of 1,100 robots capable of processing more than 3 million orders per week. Investment guru, Paul Mampilly says robotic automation is just beginning to grow and the opportunities in every industry are vast.
According to the International Federation of Robotics, by 2019, factories will need 1.4 million new robotics, in what the industry is calling “Collaborative Robots.” Industry experts say this collaboration means that the machine does not replace man, but complements his abilities and relieves of incriminating work. These “cobots” assist with compound tasks that can not be fully automated, learn independently and are flexible enough to be reprogrammed.
More importantly, says Paul Mampilly, is how investors can leverage this opportunity. Mampilly points to several robotic shares, like The Global X Robotics and Artificial Intelligence Thematic ETF, and iShares Automation & Robotics ETF Fund. The iShares Automation ETF has already scored more than a 12 percent gain this year.
Mampilly is a Banyan Hill Investment guru, and editor of Profits Unlimited, a hugely popular newsletter with more than 60,000 subscribers. From 93 to 98, Paul Mampilly worked for Bankers Trust Company, going from Portfolio manager to a Senior Portfolio Manager within two years. His resume also boasts distinguished employers like Deutsche Asset Management, and Kinetics Asset Management, where he tripled his investment funds.
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