The world is being automated.
Thats 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 Im super excited about is the seismic shift toward automated warehouses.
Heres the story:
Everyone is shopping online now. This shift in consumer shopping preferences has sparked an equally large shift in fulfillment processes.
Long ago, when consumers went to stores and bought things, fulfillment was done in stores. Today, consumers sit at home and expect a package to be delivered to their doorstep that same day. And fulfillment is now done in warehouses and it needs to be done rapidly.
This shift in fulfillment has put an increased burden on the logistics market. Ultimately, it has highlighted the shortcomings of the decades-old, incumbent fulfillment process wherein people package, sort, and fulfill orders in antiquated warehouses.
Humans are slow. Theyre error-prone. And they need to be paid. Not to mention, there is a huge labor shortage in the economy right now.
Thus, human-driven fulfillment is slow, error-prone, and expensive.
Whats the fix? Automate warehouses. Replace humans with AI-powered robots that are fast, flawless, and cheap.
This is already happening. Amazon acquired robotics company Kiva Systems back in 2012. Even since, the company has spent an arm and a leg to automate warehouses. Today, Amazon has over 200,000 robots in service, and fully automated warehouses that fulfill orders rapidly, perfectly, and cheaply.
The results speak for themselves.
How else do you think Amazon offers same-day delivery and beats everyone else in the delivery space? How else do you think Amazon makes that delivery free?
Its all thanks to Amazons automated warehouses.
Now, everyone else like Walmart, Target, and Home Depot needs to play catch up and automate their own warehouses else theyre risk being completely dominated by Amazon.
But heres the problem: 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 worlds 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 not be small. 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 youre 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.
You see, there are two ways to automate warehouses.
The first way is to build entirely new, robot-friendly warehouses from the ground up.
This is a technologically easier way to automate warehouses (since you are building a new, controlled, and homogenous environment that the robots in these warehouses dont have to learn). But its economically more expensive, since building these warehouses is very expensive and requires that you essentially demolish your old warehouses.
This is what Amazon is doing. It is building completely new, fully automated warehouses.
The second way is to integrate AI-powered robotics solutions into existing warehouses.
This is a technologically harder way to automate warehouses (since warehouses are non-homogenous, and therefore, these robots must be capable of advanced learning and adjusting to any warehouse). But its also a much cheaper method since you dont have to build new warehouses or get rid of your existing warehouses.
This is what most companies will end up doing.
Thats because the giants in this space Walmart, Target, FedEx, TJX, etc. collectively have thousands of warehouses, strategically located across the world. Demolishing and rebuilding each of those would be far too expensive. So, instead, they will integrate AI-powered robotics solutions into their existing supply chain.
Thats technologically a very hard problem so hard, indeed, that it appears only one company has cracked the nut
Which company, you ask? Well, Im going to reveal more about how to access this company on Wednesday, Aug. 18 at 7 p.m. ET, at my 1 to 30 Wealth Summit. I encourage you to take a moment to reserve your seat here.
This is an automated tech startup that I think could easily soar at least 30X from current levels, which is why Ive included it in my new portfolio designed exclusively for my 1 to 30 Wealth Summit.
This portfolio also includes six other hypergrowth technology stocks representing the next generation of tech stock super winners each of which I feel has at least 30X upside potential.
Yes, Im talking about a portfolio crammed from peak to trough with the next Tesla, the next Amazon, the next Facebook, and the next wave of tech superpowers.
Buying them today could change your life forever.
And I want to give you the opportunity to do just that on Wednesday night at 7 p.m. ET.
Dont forget to sign up here (its completely free and painless) and to mark your calendars afterward. This will be an event to remember for the ages! I hope to see you there.
P.S. Tomorrow is the big day, folks! But before the event begins, Ill send you one more essay to complete our macro look into the small innovators powering the massive technological revolutions of our modern world.
In tomorrows essay, we look at the key to kickstarting the 3D Printing Revolution and unlocking the enormous potential of 3D printers. I believe that cost- and time-effective metal 3D printers will become commonplace in every factory in the world. And theres one stock in particular that will benefit in a big way.
This company rounds out my list of seven stocks making up my 1 to 30 Wealth Summit portfolio, and its just a taste of what you can expect on Wednesday.
If youre not signed up yet, I encourage you to take a minute to sign up here.
See you Wednesday!
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Read the original post:
Invest in the Future of Everything With the Burgeoning Automation Economy - InvestorPlace
- Automation Personnel Services - Temporary Staffing ... [Last Updated On: March 25th, 2016] [Originally Added On: March 25th, 2016]
- Automation | Define Automation at Dictionary.com [Last Updated On: March 25th, 2016] [Originally Added On: March 25th, 2016]
- Automation | Definition of automation by Merriam-Webster [Last Updated On: March 25th, 2016] [Originally Added On: March 25th, 2016]
- Automation | The Car Company Tycoon Game [Last Updated On: March 25th, 2016] [Originally Added On: March 25th, 2016]
- Automation - Wikipedia, the free encyclopedia [Last Updated On: March 25th, 2016] [Originally Added On: March 25th, 2016]
- Automation - Cloud process & workflow automation | Microsoft ... [Last Updated On: June 29th, 2016] [Originally Added On: June 29th, 2016]
- Riverside Automation - Machine Controls [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- Automation: The Car Company Tycoon Game Windows - Mod DB [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- System Integration | Industrial Automation [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- WinAutomation - Smart Macro Recorder, Web Automation ... [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- Automation Solutions - Home [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- The Automation Conference [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- Rohtek Automation [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- JL Automation, LLC | Home Automation, A/V Automation [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- Four fundamentals of workplace automation | McKinsey & Company [Last Updated On: August 27th, 2016] [Originally Added On: August 27th, 2016]
- Leviton Security & Home Automation [Last Updated On: August 27th, 2016] [Originally Added On: August 27th, 2016]
- EVA Automation [Last Updated On: September 6th, 2016] [Originally Added On: September 6th, 2016]
- News | Automation | The Car Company Tycoon Game [Last Updated On: September 6th, 2016] [Originally Added On: September 6th, 2016]
- Automation - The Car Company Tycoon Game on Steam [Last Updated On: September 6th, 2016] [Originally Added On: September 6th, 2016]
- Test automation - Wikipedia, the free encyclopedia [Last Updated On: September 6th, 2016] [Originally Added On: September 6th, 2016]
- Job Seekers - Automation Personnel Services [Last Updated On: October 8th, 2016] [Originally Added On: October 8th, 2016]
- Custom Automation & Machine Design | Automation GT [Last Updated On: October 31st, 2016] [Originally Added On: October 31st, 2016]
- iAutomation [Last Updated On: October 31st, 2016] [Originally Added On: October 31st, 2016]
- Test automation - Wikipedia [Last Updated On: November 16th, 2016] [Originally Added On: November 16th, 2016]
- Automation - Official Site [Last Updated On: November 19th, 2016] [Originally Added On: November 19th, 2016]
- Beckhoff Automation - Wikipedia [Last Updated On: November 21st, 2016] [Originally Added On: November 21st, 2016]
- Automation - Security Hyperstore [Last Updated On: November 21st, 2016] [Originally Added On: November 21st, 2016]
- IT Automation - BMC [Last Updated On: November 29th, 2016] [Originally Added On: November 29th, 2016]
- ID Automation [Last Updated On: November 29th, 2016] [Originally Added On: November 29th, 2016]
- The Best Home Automation Systems of 2016 | Top Ten Reviews [Last Updated On: December 24th, 2016] [Originally Added On: December 24th, 2016]
- What is Home Automation? | Home Automation Systems [Last Updated On: December 24th, 2016] [Originally Added On: December 24th, 2016]
- Beyond Automation - hbr.org [Last Updated On: December 25th, 2016] [Originally Added On: December 25th, 2016]
- Build automation - Wikipedia [Last Updated On: December 26th, 2016] [Originally Added On: December 26th, 2016]
- Home automation - Wikipedia [Last Updated On: January 10th, 2017] [Originally Added On: January 10th, 2017]
- Automation | Food Engineering [Last Updated On: January 13th, 2017] [Originally Added On: January 13th, 2017]
- Home Automation - Enerwave Home Automation [Last Updated On: January 14th, 2017] [Originally Added On: January 14th, 2017]
- Automation - DESHAZO [Last Updated On: January 14th, 2017] [Originally Added On: January 14th, 2017]
- Robots, Automation, EOAT, Grippers, Conveyors, Guarding [Last Updated On: January 26th, 2017] [Originally Added On: January 26th, 2017]
- Werner Electric | Automation [Last Updated On: January 28th, 2017] [Originally Added On: January 28th, 2017]
- Automationtechies | Automation Engineering Recruiting [Last Updated On: January 28th, 2017] [Originally Added On: January 28th, 2017]
- Automation - Mazak Corporation [Last Updated On: January 28th, 2017] [Originally Added On: January 28th, 2017]
- Automation | Technologies | Systems | Integrator ... [Last Updated On: January 28th, 2017] [Originally Added On: January 28th, 2017]
- Test Automation Services for Development of Regression ... [Last Updated On: January 28th, 2017] [Originally Added On: January 28th, 2017]
- Carlo Gavazzi Automation Components [Last Updated On: January 30th, 2017] [Originally Added On: January 30th, 2017]
- UI Automation Overview - msdn.microsoft.com [Last Updated On: February 5th, 2017] [Originally Added On: February 5th, 2017]
- New telecom transformation goals require service automation - TechTarget [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Global Hazardous Waste Handling Automation Market: By Products ... - Business Wire (press release) [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- 2M Automation wins IoT support from Schneider - Electronics EETimes (registration) [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Futures Shaped by Automation and Catastrophe: Peter Frase on Capitalism's Endgame - Truth-Out [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Automation expected to displace insurance underwriters, real estate brokers - CIO Dive [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Automation, robots could replace 250000 public sector workers in the next 15 years - Computer Business Review [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Design Automation Conference - Business Wire (press release) [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- The Perks Of Automation And The Risks: Why To Think Twice About Getting Into That Driverless Uber - Forbes [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Lib Dems Should Embrace Automation of the Workforce - Liberal Democrat Voice [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Voices Reinventing enterprise finance by overhauling AP automation - Accounting Today [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- How Accountants Can Use Automation Their Advantage - Accountingweb.com (blog) [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- DFLabs Launches the First Security Automation and Orchestration Platform based Upon Supervised Active Intelligence - Business Wire (press release) [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- QAD Automation Solutions is Honda Approved - Yahoo Finance [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- VIDEO: Going Big on Automation in a Small Footprint Facility - ENGINEERING.com [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Building a better model of human-automation interaction - Phys.Org [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- AlixPartners examines automation in manufacturing and logistics management - Logistics Management [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Report: Test automation is increasing - SD Times - SDTimes.com [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Automation is the unavoidable future of the economy - The Daily Cougar [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- GM's Cruise Automation Is Testing An App to Order Self-Driving ... - Fortune [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Speeders beware: Legislation would allow automation crackdown ... - SFGate [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Orbita Ingenieria: New Age Terminal Automation - Port Technology International [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- A Sharper Focus on the Edge - Automation World [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Rockwell Automation Surged 10% in January as Growth Picked Up Steam - Motley Fool [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Most people are optimistic about workplace automation, social data suggests - ZDNet [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Improving Behavior Through Automation of Vehicle Systems - School Transportation News (blog) [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- 'We employ insane levels of automation' Kris Canekeratne - Times of India [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Why Don't We See More Automation in Federal Networks? - Nextgov [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Technobabble: Automation and the modern worker - CIO Dive [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Readers Write (Feb. 12): The moose population; jobs, start-ups and automation; diversity in the funny pages - Minneapolis Star Tribune [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Automation Nightmare: Philosopher Warns We Are Creating a World Without Consciousness - Big Think [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Automation can replace bureaucrats and save taxpayers money - Hot Air [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Automation can revitalize the US workforce - Fox News [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- TigerStop hopes to ride automation to new heights - The Columbian [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Hexadite Unveils Custom Playbooks Following One Millionth Automated Cybersecurity Investigation - Yahoo Finance [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- NEC updates postal automation system for Hongkong Post - ETCIO.com [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]