Although the industrial sector faced multiple headwinds that dampened its growth in the recent past, technological innovation, high demand, and easing inflation could fuel the sector’s growth. Therefore, investors could benefit from fundamentally strong industrial stocks EnerSys (ENS), Preformed Line Products Company (PLPC), and The L.S. Starrett Company (SCX).
Technologies such as 3D printing, artificial intelligence, and big data analytics are increasingly being used in manufacturing, resulting in higher productivity, lower operating costs, and higher margins.
