The adoption of automation is one of the unexpected game-changers that the COVID-19 pandemic has accelerated in manufacturing. The impact is nowhere more robust than on the shop floor.
Automation helps factories operate with far less unskilled (mainly human) resources. Less labour means less labour costs. Factories operating out of high-cost manufacturing hotspots such as Germany and Japan are largely automated for production and deploy far fewer employees, relying mostly on skilled engineers to maintain the machinery and the equipment.
Japan income fund, JPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.