In Only the Paranoid Survive, one of the best books on business strategy ever written, Intel CEO Andy Grove defined an inflection point as “a time in the life of a business when its fundamentals are about to change. That change can mean an opportunity to rise to new heights. But it may just as likely signal the beginning of the end.”
It only had a small plant in Glasgow that was soon replaced by its huge integrated facility that served all international markets. Production at the plant peaked as early as 1913, and in 1917 singer was expelled from its largest market - Russia. In the post-1945 era it was compelled by US government to leave the Japanese market and transfer its technology to the country which 20 years later totally eroded its once dominant position in domestic sewing machines.
It was the deeply undervalued labors and environmental costs in China that cushioned the stagnant wages in US. They knew it, just needed the impetus to start the engine of industrialization. For China, a national strategy of "enlarging the internal demand" has begun since 2008, and the infrastructure investments into Russia and other USSR countries in exchange for resources will keep the engine running. For US, the best alternative is Vietnam: similar people, similar culture, even a similar communist party. The problem is the volume. As for the internal issues, they are mostly byproducts of a long-lasting nice time. When a family is poor, prodigal sons are rare.
A good and detailed synthesis on today’s global state of affairs. A nice argumentation on what to do when a company is confronted with sensitive issues. Just a comment on inflation : it can be imported by a sudden imbalance between supply and demand, especially if goods are vital. Odessa’s blockade can have global economic impact. Best Regards...
‘By 1880 singer was a global company”.
It only had a small plant in Glasgow that was soon replaced by its huge integrated facility that served all international markets. Production at the plant peaked as early as 1913, and in 1917 singer was expelled from its largest market - Russia. In the post-1945 era it was compelled by US government to leave the Japanese market and transfer its technology to the country which 20 years later totally eroded its once dominant position in domestic sewing machines.
It was the deeply undervalued labors and environmental costs in China that cushioned the stagnant wages in US. They knew it, just needed the impetus to start the engine of industrialization. For China, a national strategy of "enlarging the internal demand" has begun since 2008, and the infrastructure investments into Russia and other USSR countries in exchange for resources will keep the engine running. For US, the best alternative is Vietnam: similar people, similar culture, even a similar communist party. The problem is the volume. As for the internal issues, they are mostly byproducts of a long-lasting nice time. When a family is poor, prodigal sons are rare.
A good and detailed synthesis on today’s global state of affairs. A nice argumentation on what to do when a company is confronted with sensitive issues. Just a comment on inflation : it can be imported by a sudden imbalance between supply and demand, especially if goods are vital. Odessa’s blockade can have global economic impact. Best Regards...