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#1
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Speaking from a Manufacturing standpoint, the two worst business decisions you can make are:
1. Do business with Wal-Mart. 2. Don't do business with Wal-Mart. Very difficult and demanding customer.
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Don't mistake education for intelligence. I worked with educated people. I socialize with intelligent people. |
#2
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The problem with sending everything to be manufactured in other parts of the world is that eventually the foreign countries realize that they have to have environmental protections and worker protections like we have in the US... then the prices begin to rise on the imports... I read the other day that we can expect 10-20% increases for Toys and other "low end goods" from China.
They are destroying their own environment to an alarming degree... their water supplies are diminishing greatly as well... China is going to have a major problem with finding enough water to supply the industries in their country in the future. Then we will be in a world of crap... no manufacturing here and higher prices than we had when we had manufacturing here.
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