This Hot Trend Should Lead Investors to Reach for the Buy Button

Demand for automation will likely stay strong, even during an economic slowdown, because it enhances productivity. In addition, after a few years where industrial companies have struggled with overly complex supply chains stretched across far-flung corners of the world using multiple suppliers, it makes sense to invest in technology that makes it easier to re-shore production. It's no secret that growth is slowing in 2023, and that's usually bad news for automation companies that rely on their customers' capital spending plans -- which are among the first things that tend to get cut in a slowdown.