COVID exposed global supply-chain flaws. Can Biden bring manufacturing back to the U.S.?
Nearly 5 million net manufacturing jobs have disappeared since 1997, according to the Economic Policy Institute—roughly one out of every four. Though automation has played a dominant role in those job losses, critics also blame free-trade policies such as the 1993 North American Free Trade Agreement. The decline of American manufacturing jobs has helped shrink the middle class and worsen U.S. income inequality. Political scientists, moreover, have found strong links between the loss of those good jobs and the rise of political extremism in the U.S.
But what will it take to make this a reality? Huge federal pandemic spending has given some companies their first bit of runway to return medical manufacturing to the U.S., but long-term reshoring success will likely depend on serious reform to U.S. national trade and industrial policies. The good news is that if such efforts succeed, they will create more than just manufacturing jobs. This email was sent to acozocom.news01@blogger.com Unsubscribe from these messages here. Fortune Media (USA) Corporation 40 Fulton Street New York, NY 10038 |
Wednesday, April 28, 2021
Can Biden bring manufacturing back to the U.S.?
Monday, April 26, 2021
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Saturday, April 24, 2021
The Supreme ‘spark’
The Supreme 'spark': How the streetwear legend could shape the future of VF
M&A is the very foundation of portfolio companies like VF Corp, the owner of brands such as Vans, The North Face, and Timberland. But CEO Steve Rendle waited almost four years into his tenure to make his first blockbuster acquisition, searching for a buy that would have a transformative effect on the whole organization. He believes he found it in December, when the company inked a $2.1 billion deal—the largest in its history—to acquire streetwear label Supreme.
Known for its snarky, pop culture-referencing products and the snaking lines that appear outside its retail stores the day of its weekly "drops," the cult brand might seem like a strange fit for VF, a low-profile company based in Colorado. But Rendle is betting that the Supreme will punch above its weight (the streetwear label is about one-tenth the size of Vans), playing an outsized role in shaping VF's future and offering its new sister brands valuable lessons about how to thrive in today's retail landscape. Supreme excels at moving product at its own stores and online (shunning department stores), has a supercharged metabolism for launching new products, and has forged deep connections with its customers—all strengths Rendle would like to see in more of his company's brands.
Dealmaking often has a 'Hail Mary' aspect to it. And some retail watchers were quick to tag VF's Supreme acquisition a missed pass. But Rendle is confident that his bet on modernizing the successful but 121-year-old company will ultimately prove the doubters wrong. This email was sent to acozocom.news01@blogger.com Unsubscribe from these messages here. Fortune Media (USA) Corporation 40 Fulton Street New York, NY 10038 |
Monday, April 19, 2021
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Tuesday, April 13, 2021
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Friday, April 9, 2021
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Wednesday, April 7, 2021
Inside the McFamily Feud
McFamily Feud: Scandal, lawsuits, and cultural upheaval at McDonald's
Many U.S. companies are attempting to remake themselves to keep up with the larger forces transforming the world: a pandemic, digital disruption, political and social upheaval. But at McDonald's, this already mammoth undertaking has taken on a new sense of urgency.
For one, the Golden Arches is emerging from a scandal brought on by its former CEO Steve Easterbrook, who was fired for sexting with an employee. Since then, the company has sued Easterbrook in an attempt to claw back his compensation, alleging that he had sexual relationships with three employees in the year before his departure. (Easterbrook's lawyers call the suit meritless.) It's a surprising choice for such a staid company—opting to air its dirty laundry rather than sweep the whole mess under the rug.
Now new CEO Chris Kempczinski is trying to take McDonald's into a post-Easterbrook era, with the focus on a cultural turnaround rather than a business one. No easy job—and one being made all the more difficult by a powerful group of franchisees with have a very different view on what's best for the company's future. This email was sent to acozocom.news01@blogger.com Unsubscribe from these messages here. Fortune Media (USA) Corporation 40 Fulton Street New York, NY 10038 |
Friday, April 2, 2021
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Thursday, April 1, 2021
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