Andrea Alms Video:  Money In Motion 6 The Industrial Athlete Market - Part Two

TRANSCRIPT:

Hello. My name is Andrea Arlms and I am a health care investor and financial manager. And this is your money in motion. In the last episode we introduced the topic of industrial assets. As you may recall, these are construction workers, nurses, warehouse workers, mail carriers, auto mechanics, and just a few of the thousands of industrial athletes performing duties to enhance our lives. Many consider industrial athletes the backbone of the working world. But so what? Who cares? Or even why? Of fatal injuries we are seeing going to see more older Americans working in dangerous jobs and will end up being killed more often. According to the CDC, older workers are more likely to die as a result of serious workforce accidents. People between 50 and 70, especially those not engaged in regular exercise, are more frail and longer time to recover. Many of the deaths occur in male-dominated, white collared. Nearly 20% come in private construction, followed by transportation, warehousing, mining, quarry, oil and gas. Bottom line aging workforce and blue collar industry at most risk. We know who is at risk now. How much? What is the cost and where? The ten causes of the most serious workplace accidents cost employees more than 58 billion in annual medical costs in lost wages, according to Liberty Mutual. Safety Index. The top five causes across the broad economy are overexertion falling, small level rubber falling, lower levels struck by an object and other reactions. Investment in safety. Let's run the numbers. OSHA estimates the occupational injury and illness businesses of all industries is 170 billion each year in the U.S. for construction, the average cost of one long time injury on the job site is 35,000. Though many injuries cost much more due to litigation, medical expenses, compensation. According to the Workplace Safety. Further, 6 to 9% construction projects cost at the workplace injury related lead to long term increase in insurance and shrunken profit margins. Workplace safety market. Yes, the market. The global workplace safety market expected to grow from 12.1 billion in 2020 to 19.1 billion by 2025, with a compound average growth rate of 10.4%. Who are the players? Based on the analytics presented in Cardinal Matrix, Microsoft Corp. is the major, major frontrunner in the workplace safety market. Companies such as Honeywell International, Christy Software, Hexagon, IBM, Amazon and Panasonic for some of the other innovators. Let's look at mergers and acquisitions. 2020 November Hexagon acquired a as global, a leading provider of software solutions. 2020 January Christy acquired evidence a leader in cloud based ESG Environmental Health and Safety Software in 2019 October, Christy took over Axiom Health, a market leader in Employee Health Software Solutions, and in 2019, Jan Hexagon took over J5 International, a developer of operational, measured software. So again, a multibillion dollar market double digit growth, definitely. And let's keep an eye on this one. Thank you. This is your money. Your money in motion.