Bolaji, as you're aware, the economic forecast in Europe remains uneven across European countries. The balance of risks for economic growth is still tilted to the downside. Things are still fragile in the financial market, resulting in negative feedback. In the UK for example, cuts in government spending has adversely affected capital investment and subsequently a lower economic growth.
Businesses are at risks. It's difficult for new business startups. People are squeezed, high unemployment rate-hence lower spending morale etc... Even the most optimistic forecasts suggest a slow growth recovery. The consensus is a grim future particularly in the periphery of Europe
You're right about one thing FlyingScot, that it appears we are "bumping along the bottom". The economy slumped into double deep recession here in the UK, since the economic turmoil of 1975. Recovery failed to gain traction and shrank by 0.2% in the first three months of 2012 - recent report. So not so great!
It really feels like we are bobbing along the bottom waiting for a big foot to stomp on us. I sure hope things get better but I do not imagine it will happen significantly for the next few years. The financial markets need to be sorted out (so we can borrow money more easily) and governments stabilised before solid growth can occur and the "feel good" returns.
Ashish, you are correct to an extent. Eventhough all the European countries have a common currency and economic system; they don’t have uniformly financial strength and policies. The local administrations in individual nations are handling the financial part with a different view and it too with in the country. There is no unanimous financial goal and policies across the EU countries, which can help to strengthen Euro and financial sector.
I just read a confirmation from Sky News that Spain is back in recession: its economy shrank by 0.3% in the first 3 months of 2012. Not good. Not good.
Given the sluggishness in European economy, it's interesting to see what measures European companies are taking to counter the decline in revenues. It's an interesting move by ARM to step out of Europe and reach Africa. I believe we shall see similar moves by other companies in their attempts to restore the revenues.
Ashish, yeah news coming out on every minutes very not positive. On ARM - not surprised with ARM pre-quarter financial reports. As i learned recently, one of Europe ARM processor's licensed firms has just entered Africa with an award of contract to deploy its services there. By the time the firm put its feet on ground in Africa just like what Ericsson has been doing in last one or two decades that would probably catalyse both companies business operations.
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.
Archived Dialogues
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.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
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.
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