Robots replace humans as labour shortages bite [FT.com - Mergermarket]
GXO Logistics, Inc. (GXO)
Company Research
Source: FT.com - Mergermarket
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
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GXO
News
- GXO Logistics, Inc. (NYSE: GXO) was upgraded by analysts at BNP Paribas from an "underperform" rating to a "neutral" rating. They now have a $50.00 price target on the stock.MarketBeat
- GXO Logistics: Secular Winner At An Attractive Price [Seeking Alpha]Seeking Alpha
- GXO Logistics, Inc.'s (NYSE:GXO) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong? [Yahoo! Finance]Yahoo! Finance
- UK Takeover Targets Ask for More Despite Best Premiums in Years [BNN Bloomberg (Canada)]BNN Bloomberg
- GXO Appoints Kristine Kubacki as Chief Strategy Officer [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 2/13/24 - Beat
GXO
Sec Filings
- 3/19/24 - Form 4
- 3/14/24 - Form 8-K
- 3/11/24 - Form 4
- GXO's page on the SEC website