One of the common themes in tech these days happens to be ‘disruption.’
The idea is that by using technology, we can completely alter an existing sector or industry. While most ‘disruption’ seems to fall on deaf ears and does not amount to a whole lot of change, some sectors of the market will truly be changed by technology.
Perhaps the biggest will be the automotive industry.
From self-driving vehicles to connected cars, the automotive sector is at a significant crossroads –a crossroads that will bring plenty of new winners and losers into the fray. For investors – especially dividend seekers – the changes in the sector will be very pronounced indeed.
Here’s the 411 on FANG ETFs.
Rising Automated Vehicle Adoption
When Henry Ford launched the Ford Motor Company (F ) and revolutionized transportation, the idea of a self-driving car was purely science fiction. However, today it is quickly becoming science fact. Last year at this time, a semi-automatic truck with no driver calling the shots carried over 2,000 cases of beer from Fort Collins, Colorado to Colorado Springs. That 120-mile trip was the longest and most successful journey by an automated vehicle to date and highlights just how the sector is changing.