Flexible supply chains are great for multinationals and consumers. But they erode already thin profit margins in developing-world … - James Surowiecki

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Quote of the day

When I find a ladybug I ask the butler to take it outside instead of killing it.

James Surowiecki

Flexible supply chains are great for multinationals and consumers. But they erode already thin profit margins in developing-world factories and foster a pell-mell work environment in which getting the order out the door is the only thing that matters.

Doors, Order, World, Already, Multinationals, Profit

Same Author Quotes

There does seem to be some evidence that as people get older, they procrastinate less, perhaps because they feel the pressure of time more.

Doe, Evidence, People, Pressure, Procrastinate, Time

The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.

Decision, Everywhere, Fuel, Give, Giving, Ultimately

The problem is that groups are only smart when the people in them are as independent as possible. This is the paradox of the wisdom of crowds.

Crowds, Independent, People, Possible, Smart, Wisdom

Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.

Choices, Down, Heads, Political, Risk

Addictive behavior is kind of the inverse of procrastination: procrastination is about not being able to do what you want to do, addiction about not being able to not do what you don't want to do (drink, use drugs, etc. )

Procrastination, Addiction, Drug, Behavior, Kind, Drink