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Stock impact report

Robots replace humans as labour shortages bite [FT.com - Mergermarket]

GXO Logistics, Inc. (GXO) 
Harry DempseyDave LeeJump to comments sectionPrint this page updatesSign up to Daily Digest to be the first to know about news.Workers have long feared robots would take their jobs. But today, the tables have turned as logistics and delivery companies automate their businesses to tackle labour shortages.The monotony of some jobs makes recruiting and retaining workers harder, a growing problem across a range of sectors. Banks, for example, are automating boring “grunt work” to stop a talent drain.In and an warehouses, the pandemic expansion in online shopping has also accelerated the switch to automated systems and robots, which can cope more quickly and efficiently with increasingly complex orders as demand for next-day delivery rises and bottlenecks in the supply chain cause disruptions.Globally, warehouses are expected to invest $36bn in automation this year, up 20 per cent on 2020. Combined investment this year and last has jumped $1.6bn against pre-pandemic forecasts, according Show less Read more
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