for the quarter ending in February that its digital sales in Greater China rose by more than 30% while brick-and-mortar retail sales were impacted by stores temporarily closed during the COVID-19 outbreak.
"Against this backdrop, we continue to believe fintech as a trend should continue to deliver double-digit growth opportunities over the next few years, thus growing at least three times faster than traditional financial services," they added, suggesting investments exposed to the fintech ecosystem could benefit. One major theme the pandemic underscores is the global supply chain's interconnectivity and complexities —In this Dec.
In turn, the pandemic may push companies to consider more domestic supply chains with less reliance on outside ecosystems. "It doesn't necessarily mean on-shoring to high wage countries in Western Europe or North America, but perhaps Eastern Europe, Mexico, or other attractive countries in Asia, to become less dependent on China," UBS said.
This would directly benefit companies with more modern factories using fewer humans and more automation, they said, pointing to the German industrial conglomerate"We believe this trend will continue and become even more relevant. Factory automation equipment, robots, and automation software will play an important role to achieve a higher level of automation," they wrote.
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