Redefining Tomorrow: Insights into the future of Robotics at Automate 2024

The world of investing is ever-evolving, and staying ahead of industry trends is paramount for success. This month, the Hudson Square Investment Management team visited Chicago to attend Automate 2024, the largest robotics and automation trade show in North America. This venture wasn't just about gaining insights; it was about deepening our knowledge of an industry that we believe will play a pivotal role in increasing economic efficiency and is poised for growth in the coming decades.

At Hudson Square Investment Management, we firmly believe that the robotics industry is not just a passing trend but a cornerstone of the future global economy. As such, we view investments in this sector as strategic moves towards long-term growth and value creation. Our visit to Automate 2024 reinforced this conviction and provided us with invaluable insights into the trajectory of this dynamic industry.

One of the highlights of the conference was the keynote address by Billy Beane, the former GM of the Oakland Athletics and the inspiration behind the book Moneyball. Beane's insights into the transformative power of data analytics resonated deeply with us. He eloquently articulated how industries, including baseball, are leveraging data to gain a competitive edge. This emphasis on data-driven decision-making underscores the pivotal role that technology plays in reshaping traditional paradigms.

Our discussions at Automate 2024 also shed light on the burgeoning trend of onshoring, as companies seek to optimize costs while maintaining competitiveness in the US market. With the United States poised to increase its adoption of robotics in the coming years, the landscape presents a wide array of industry players poised to capitalize on this trend.

However, it's not all smooth sailing. High initial investment costs and integration complexities remain significant hurdles, particularly for smaller companies. Nevertheless, we are witnessing a growing ecosystem of system integrators dedicated to addressing these challenges and facilitating the adoption of automation among smaller players.

Artificial intelligence emerged as a recurring theme throughout the conference. While the hype surrounding AI is palpable, it's essential to recognize it as a tool that requires refinement and application to yield tangible benefits. From enhancing efficiency to facilitating human-robot collaboration, AI holds immense potential to revolutionize the field of automation.

The COVID-19 pandemic served as a wake-up call for many companies, underscoring the need to minimize disruptions and downtime through increased automation. As we navigate the post-pandemic landscape, the imperative to bolster resilience and adaptability through automation has never been more pronounced.

In conclusion, Automate 2024 provided us with a glimpse into the future of robotics and automation—a future brimming with promise and opportunity. From onshoring to AI integration, the key takeaways are clear: the rise of robotics is inevitable. As investors, it's not just about anticipating change; it's about embracing it and harnessing its potential for sustained growth."

This report is based on the views and opinions of Hudson Square Investment Management LLC, which are subject to change at any time without notice. The information contained in this report is intended for informational purposes only and is qualified in its entirety by the more detailed information contained in the offering memorandum of Hudson Square Investment Partners LP (the “Offering Memorandum”). This report is not an offer to sell or a solicitation of an offer to purchase any investment product, which can only be made by the Offering Memorandum.  An investment in the Partnership involves significant investment considerations and risks which are described in the Offering Memorandum. The material presented herein, which is provided for the exclusive use of the person who has been authorized to receive it, is for your private information and shall not be used by the recipient except in connection with its investment in the Partnership. Hudson Square Investment Management LLC is soliciting no action based upon it. It is based upon information that we consider reliable, but neither Hudson Square Investment Management LLC nor any of its managers or employees represents that it is accurate or complete, and it should not be relied upon as such. Performance information presented herein is historic and should not be taken as any indication of future performance. Among other things, growth of assets under management of Hudson Square Investment Partners, LP may adversely affect its investment performance. Also, future investments will be made under different economic conditions and may be made in different securities using different investment strategies. The comparison of the Partnership's performance to a single market index is imperfect because the Partnership's portfolio may include the use of margin trading and other leverage and is not as diversified as the Standard and Poor's 500 Index or other indices. Due to the differences between the Partnership's investment strategy and the methodology used to compute most indices, we caution potential investors that no indices are directly comparable to the results of the Partnership. Statements made herein that are not attributed to a third-party source reflect the views, beliefs and opinions of Hudson Square Investment Management LLC and should not be taken as factual statements.