The focus on China has been for decades, yet China has managed to contain and conductor its affairs, may be not in an acceptable manner - its economy is still booming. Why should I worry about China? China has emerged stronger so far, year in year out its still standing.
I think I'll worry more about the global crises and its consequences.
This is a debate that has been going on for a decade now and seems like there is no end in sight. It seems like everybody is just waiting for China to fall into a tailspin and bring things back down to a more manageable pace. What if China doesn't slow down? What if Beijing can continue to manage the rising numbers without failure? Is there something they might be doing that our own government should be looking at?
I myself and much more worried over our countries increasing debt and nonstop spending. Couple that in with all the issues going on in the Middle East and now we have something that can affect many people on a global scale.
You are right, Marc, we've been worrying about this for more than a decade. Some of the predications have come home to roost--higher wages, for example---but we are far from the need to panic over China's economy. On the grand scheme of things, the US debt and the Middle East are higher on my "global things to worry about" list than China's overheating
What I am most concerned about is that with the growth in China, it is kicking up costs for alot of things for us in the U.S. For example, I just went to the grocery and bought a carton of organic 2% fat milk. It costed me $6.99! I know. I know. You're going to say that it's only a tiny fraction of our disposable income. But still, it's crazily too high. I remember this was only $2.99 10 years ago. more than 100% increase. Especially in the last few months when things are heating up even more. Alot of fresh vegetables have increased 40% in price. Thanks to the increasing demand of other countries, our salary is not keeping up with the inflation.
Right, that's the question driving the current concerns. The expectation seems to be that China will keep raising rates into the summer, http://imarketnews.com/node/29648, and that the currency, contrary to public statements, will be allowed to keep creeping up. What I haven't read anywhere is someone reconciling the concerns about overheating, with the parallel concerns about wage increases causing China to lose investment to its neighbors. I'd be curious to know whether someone thinking of opening a factory in China right now is more concerned by medium- and long-term financial trends, or the political environment, internet privacy shenanigans, access to resources like base metals and food, for example. Any thoughts?
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.