Design Con 2015

Component Makers Caught in Apple's Revolving Door of Suppliers

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tech4people
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Supply Network Guru
Re: You need to depend on atleast 2 different Customers
tech4people   1/10/2015 9:32:23 AM
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Waqas,

That is really a sad state of affairs.

This Quick Money /Fast Money mindset has spoiled a lot of Relationships everywhere around us in the recent past.

Not just relationships but also the Balance of Nature as well.

Morality as a notion barely exists today.

 

WaqasAltaf
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Supply Network Guru
Re: You need to depend on atleast 2 different Customers
WaqasAltaf   12/31/2014 8:18:36 PM
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Tech4people, I think it is not only US specific issue. Things have worsen globally. People all around the world want quick money and in that case, people are unfortunately willing to compromise morality.

tech4people
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Supply Network Guru
Re: You need to depend on atleast 2 different Customers
tech4people   12/31/2014 8:31:41 AM
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Waqas,

Absolutely right!

This represents the Moral Degradation of American Society more than anything else today.

There was a time when people in America used to take pride in Hard work and the Efforts they put in everyday.

Now ,however everyone just wants easy/Quick Money.

So many productive members of Society have transformed into absolute Moochers[Parasites] today its beyond shocking.

If you gave someone the choice between earning say $50,000/Year by doing work and earning $30,000 via Benefits;9 out of 10 Americans opt for the Benefit route.

One out of every 5 Americans depends on Uncle Sam for Food today[Via the Food Stamp Program];which basically means if Uncle Sam shuts down for any reason ;46 million Americans Starve!!!

Shocking state of Affairs (from Top to Bottom).

WaqasAltaf
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Supply Network Guru
Re: You need to depend on atleast 2 different Customers
WaqasAltaf   12/28/2014 10:50:31 AM
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Tech4people, that's sad to see i.e. the state of SEC in US. This will lead to another Enron or God forbid Enrons. We just can't separate SEC staff from society. They are part of us and if we are corrupt, they also can be.

tech4people
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Supply Network Guru
Re: Positives in it too
tech4people   12/26/2014 8:30:11 AM
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Hailey,

Component makers have a hell raising ride ahead of them after getting burnt with the Apple Experience.

I don't think they will be able to trust any Large Device Manufacturer automatically from now onwards.

tech4people
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Supply Network Guru
Re: You need to depend on atleast 2 different Customers
tech4people   12/26/2014 8:27:03 AM
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Waqas,

In the US ,the SEC is a big joke!

There is a massive revolving door present between Wall Street and SEC at present where the culture that dominates is precisely-You Scratch my back and I scratch yours!

This kind of mentality has caused a lot of shenaigans on Wall Street(including Frauds) in the  last three-four years.

The worst part about the whole affair is that they largely go scot-free(because of their connections at the SEC).

 

VarunRanger
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Stock Keeper
Re: Positives in it too
VarunRanger   12/9/2014 6:23:16 AM
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hey nicole thanks for a very interesting article

WaqasAltaf
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Supply Network Guru
Re: You need to depend on atleast 2 different Customers
WaqasAltaf   11/24/2014 1:15:14 PM
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Ashish, that is where securities and exchange commission comes in. The more stronger and efficient the commission is, the safer the country's shareholders` market is.

Hailey Lynne McKeefry
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Blogger
Re: Positives in it too
Hailey Lynne McKeefry   10/31/2014 7:06:19 PM
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Businesses need to hold some balance between making good business decisions based on today and building relationships into the future. I read this, and i think less about Apple and its actions, which seem to be status quo for the industry, and think more about the component makers. It's a cautionary tale about not letting any one customer be the basis for your business. i understand that it would be hard to resist a big contract from Apple, but  at the same time the component maker needs to safeguard the business--by making sure it's customer base is broad enough that no one customer pulling its business can kill its chances.

Jacob
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Supply Network Guru
Re: Bilateral Agreements
Jacob   10/31/2014 12:02:26 AM
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1 saves

"Every contract has exit clauses and compensation is clearly mentioned if either party backs out. It is just that suppliers must ensure that their legal team works really hard in designing contracts with Apple. That can be difficult given Apple's upper hand but it is necessary."

Waqas, I agreed about such exit clauses and compensations. Based on the agreement; by expecting a good business and long term relationship companies/ vendors may invest highly for infrastructure. Normally In none of the clause such investments  will over under damages because infrastructure is with the company/vendor.

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