@Ashish, I am likely in the minority but the economic glass is half full and not half empty. Economists talk about the slowing or slow-growing economy but they were the ones who set us up in the first place with false expectations! Is anything likely to grow year-after-year simply because of demographic changes and consumption pattern?
Why should China's economy, for example, continue to increase upper single digit or even lower double-digit every year? The more this happens the greater the likelihood that other parts of the world are being starved of growth. When these regions experience a slowdown in demand or implement policies that initiate growth in their own geographies, this would naturally result in a possible slowdown in some other locations.
I don't believe an economic slowdown is necessarily a bad thing. During times of a slowdown new ideas are given the opportunity to be planted and grow. When firms manage constant growth, they lose the opportunity to conceive of new ideas.
Unfortunately all the Data that I am currently seeing tells me that we are heading for a slowdown;sometime around October or so.
The best comparison;I can give you(for why your thinking won't work) is if you compare the World's Economy with a Boeing 747 Jet;then the Four Engines are America,Europe ,China and the rest of the world.
We can fly with One Engine down reasonably well;but with Two engines down we see a slowdown and with Three Engines down we definitely Hit recession territory.
Right now we are One Engine Down[Europe];but it looks like we are about to see a synchronized slowdown with both China and America slowing down at the sametime.The one remainng Engine wont be enough to power the world Economy ahead.
China in particular is very worrisome.
Australia,Brazil,Canada,Chile,Most of Africa,Most of OPEC exporters,Most of South East Asia,Japan,South Korea and Germany are all totally dependent on Chinese growth.
If China corrects the Bubble we see in these countries (In Wages,Currencies and Housing Valuations)will collapse dramatically with Catastrophic consequences for their Longterm futures.
There are very few other countries which can survive and grow in such an environment-They need to have robust Domestic Economies for that[US,Indonesia ,Scandinavia,Mexico,Some of the OPEC exporters and India come straight to mind].
We'll, it's bad news for clerks but haven't we been talking about RFID for years now? Asking when will it make it to stores and a more consumer-oriented environment. We can't block technology from doing a very limited job - we just need to be sure to train our workers better.
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.