2024-01-28 20:29:12 ET
Summary
- Hermes may be one of the biggest winners in the age of AI despite not directly using AI in its operations.
- Hermes is well-positioned to benefit from the megatrends that will arise as a result of AI.
- Hermes' high-quality business model should allow the company to maintain a tight grip on the high-end luxury market.
The reader may be wondering, what could Hermes ( HESAY ) possibly have to do with artificial intelligence? After all, luxury goods companies appear to be some of the least impacted by AI. Their businesses rely heavily on brick-and-mortar stores and incorporate little to no software aside from the occasional website.
In Hermes' case, AI plays even less of a direct role on day-to-day operations as the company does not automate its manufacturing process with machines. In fact, Hermes is known for employing highly-trained artisans who handcraft its products, ensuring high quality. Despite all this, there are several compelling reasons suggest Hermes could be one of the biggest winners in the AI era....
Read the full article on Seeking Alpha
For further details see:
Hermes: Limitless Potential In The Age Of Artificial Intelligence