Globalization is dead


Globalization is dead

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dirk vanadidas
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Any takers

Europe is funding the war not Chelsea football club

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dirkvanadidas - 8 Apr 2022 11:13 PM
Any takers

Sure. 

Looking forward to Australia making iphones and starting up car manufacturing again.


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dirkvanadidas - 8 Apr 2022 11:13 PM
Any takers

Posting this from the uk on an Aussie forum using foreign made technology. Righto. 
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How on earth could anyone possibly come to this conclusion is beyond me. 


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sydneyfc1987 - 9 Apr 2022 1:45 PM
How on earth could anyone possibly come to this conclusion is beyond me. 

Head of Levi Strauss for starters.

Europe is funding the war not Chelsea football club

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Globalisation is dead, declares Levi's boss

Supply chain issues and geopolitical forces have thrown businesses into disarray

Chip Bergh says companies that fail to adopt “digitisation” after the pandemic will "die"Credit: REUTERS/Elijah Nouvelage
The chief executive of Levi’s has declared globalisation "dead" following months of supply chain chaos and rising freight costs.Chip Bergh, chief executive of the 169-year-old denim brand, said: “Everybody knows the supply chain issues that have impacted our business greatly over the last nine months or so, but the other thing that is happening is the geopolitical forces.
“I think globalisation is dead, and this trend where this [apparel] industry has habitually chased the lowest-cost manufacturing base around the world over the last couple of centuries, I think it’s coming to an end.”
The original Levi Strauss was a Bavarian immigrant who moved to California and went into business in 1853.
Levi’s classic '501' line became a wardrobe staple in the 1980s and early 1990s. The firm now sells its wares in 110 countries.
It decided to move production from America to the Far East in the early 2000s.
Mr Bergh told the World Retail Congress in Rome: “The name of the game today from a business standpoint is supply chain resilience and agility.
“When you are missing sales because a ship is parked outside and can’t get to the port and unload containers, and you’re leaving money on the table because the consumer can’t buy the product, that’s a big business issue.”
He said that rising cost pressures and inflation were driven by the pandemic, supply chain bottlenecks and shortages of labour in some parts of the world.
Mr Bergh added: “We’ve now realised that [goods] being produced in the lowest-cost countries and putting product on a boat and shipping it to the other side of the world and not getting it to the shelves on time has a cost to it," he added.
“We’re going to see more manufacturing shifting closer to market because of the importance of that agility and responsiveness and having confidence that the product is going to be on the shelf in store when you need it to be.”
He also warned that companies which failed to adopt “digitisation” as part of their modus operandi post-pandemic would "die".“If you are not a tech company today, you are going to be dead in 10 years time. We are an apparel company but we are quickly becoming a tech company," he said.
“The rapid move to digitisation is more than e-commerce and building out those digital capabilities for the consumer. There’s so much of our business that can be digitised everything from how we design products to how we manage getting products to store.

https://www.telegraph.co.uk/business/2022/04/08/globalisation-dead-declares-levis-boss/


Europe is funding the war not Chelsea football club

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dirkvanadidas - 10 Apr 2022 1:38 AM

Globalisation is dead, declares Levi's boss

Supply chain issues and geopolitical forces have thrown businesses into disarray

Chip Bergh says companies that fail to adopt “digitisation” after the pandemic will "die"Credit: REUTERS/Elijah Nouvelage
The chief executive of Levi’s has declared globalisation "dead" following months of supply chain chaos and rising freight costs.Chip Bergh, chief executive of the 169-year-old denim brand, said: “Everybody knows the supply chain issues that have impacted our business greatly over the last nine months or so, but the other thing that is happening is the geopolitical forces.
“I think globalisation is dead, and this trend where this [apparel] industry has habitually chased the lowest-cost manufacturing base around the world over the last couple of centuries, I think it’s coming to an end.”
The original Levi Strauss was a Bavarian immigrant who moved to California and went into business in 1853.
Levi’s classic '501' line became a wardrobe staple in the 1980s and early 1990s. The firm now sells its wares in 110 countries.
It decided to move production from America to the Far East in the early 2000s.
Mr Bergh told the World Retail Congress in Rome: “The name of the game today from a business standpoint is supply chain resilience and agility.
“When you are missing sales because a ship is parked outside and can’t get to the port and unload containers, and you’re leaving money on the table because the consumer can’t buy the product, that’s a big business issue.”
He said that rising cost pressures and inflation were driven by the pandemic, supply chain bottlenecks and shortages of labour in some parts of the world.
Mr Bergh added: “We’ve now realised that [goods] being produced in the lowest-cost countries and putting product on a boat and shipping it to the other side of the world and not getting it to the shelves on time has a cost to it," he added.
“We’re going to see more manufacturing shifting closer to market because of the importance of that agility and responsiveness and having confidence that the product is going to be on the shelf in store when you need it to be.”
He also warned that companies which failed to adopt “digitisation” as part of their modus operandi post-pandemic would "die".“If you are not a tech company today, you are going to be dead in 10 years time. We are an apparel company but we are quickly becoming a tech company," he said.
“The rapid move to digitisation is more than e-commerce and building out those digital capabilities for the consumer. There’s so much of our business that can be digitised everything from how we design products to how we manage getting products to store.

https://www.telegraph.co.uk/business/2022/04/08/globalisation-dead-declares-levis-boss/

So globalisation is dead because running sweatshops have been less profitable during the pandemic.

Righto

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Will say one of the positive outcomes of the covid thing and now the Ukraine thing is countries have started to realise that when supply chains break down it can really fuck up your business.

Horrified to learn that 90% of all antibiotics are made in India and China. WTF? What if those fuckers all of a sudden said no, we're keeping those? (Read how they undercut US penicillin manufacturers and sent them broke.)

https://www.marketwatch.com/story/china-has-cornered-the-market-on-antibiotics-so-the-u-s-must-rebuild-its-manufacturing-capacity-11619640612

(See also rare earths.)

https://www.mining-technology.com/analysis/is-china-using-rare-earth-metals-as-a-geopolitical-weapon/

Australia is now building a vaccine manufacturing facility. Something you would have thought an advanced economy would have already. If nothing else countries are now bringing some manufacturing 'home' that can only be a good thing.  


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Munrubenmuz - 11 Apr 2022 2:34 PM
Will say one of the positive outcomes of the covid thing and now the Ukraine thing is countries have started to realise that when supply chains break down it can really fuck up your business.

Horrified to learn that 90% of all antibiotics are made in India and China. WTF? What if those fuckers all of a sudden said no, we're keeping those? (Read how they undercut US penicillin manufacturers and sent them broke.)

https://www.marketwatch.com/story/china-has-cornered-the-market-on-antibiotics-so-the-u-s-must-rebuild-its-manufacturing-capacity-11619640612

(See also rare earths.)

https://www.mining-technology.com/analysis/is-china-using-rare-earth-metals-as-a-geopolitical-weapon/

Australia is now building a vaccine manufacturing facility. Something you would have thought an advanced economy would have already. If nothing else countries are now bringing some manufacturing 'home' that can only be a good thing.  

Yup. I'm all for globalisation, but there are some core items which shouldn't be outsourced (like drugs). 
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The LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end. 

I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas. 



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Munrubenmuz - 11 Apr 2022 2:34 PM
Will say one of the positive outcomes of the covid thing and now the Ukraine thing is countries have started to realise that when supply chains break down it can really fuck up your business.

Horrified to learn that 90% of all antibiotics are made in India and China. WTF? What if those fuckers all of a sudden said no, we're keeping those? (Read how they undercut US penicillin manufacturers and sent them broke.)

https://www.marketwatch.com/story/china-has-cornered-the-market-on-antibiotics-so-the-u-s-must-rebuild-its-manufacturing-capacity-11619640612

(See also rare earths.)

https://www.mining-technology.com/analysis/is-china-using-rare-earth-metals-as-a-geopolitical-weapon/

Australia is now building a vaccine manufacturing facility. Something you would have thought an advanced economy would have already. If nothing else countries are now bringing some manufacturing 'home' that can only be a good thing.  

CSL has been manufacturing vaccines for decades mate... alot of this rhetoric on rebuilding Australia's manufacturing capacity as a buffer against supply chain stress is a bit of a "flavour of the month" election year touch point .... by both sides mind you. Fact is local small to middle scale manufacturing here in Australia has had a massive boost in demand post Covid but the capacity and labour force just aren't there to make any significant difference until the "sweat shops of Asia" get the furnaces burning again. Things will be back to their regular old selves in the near future....
The good thing is that, many local private and government purchasing policies are  now pro Aussie made and this will drive innovation for a while but we just can't  catch the economy of scale anymore. Shipping fees for a 40ft container from China aren't going to be 20k forever... sadly.


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tsf - 11 Apr 2022 7:14 PM
The LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end. 

I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas. 



Hahahahah sounds like you are describing the FFA ....... perfectly.
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Monoethnic Social Club - 11 Apr 2022 10:10 PM
Munrubenmuz - 11 Apr 2022 2:34 PM

CSL has been manufacturing vaccines for decades mate... alot of this rhetoric on rebuilding Australia's manufacturing capacity as a buffer against supply chain stress is a bit of a "flavour of the month" election year touch point .... by both sides mind you. Fact is local small to middle scale manufacturing here in Australia has had a massive boost in demand post Covid but the capacity and labour force just aren't there to make any significant difference until the "sweat shops of Asia" get the furnaces burning again. Things will be back to their regular old selves in the near future....
The good thing is that, many local private and government purchasing policies are  now pro Aussie made and this will drive innovation for a while but we just can't  catch the economy of scale anymore. Shipping fees for a 40ft container from China aren't going to be 20k forever... sadly.


The new mRNA vaccine facility is different to the CSL stuff but yes they have been making them. I don't know about those shipping costs coming down. I haven't read anything to suggest they will.

All I'm saying is if we are beholden to world events and decide to develop say rare earths (for example) in Australia (rather than just dig them up) because China are being cunce then that's good.




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Munrubenmuz - 12 Apr 2022 9:59 AM
Monoethnic Social Club - 11 Apr 2022 10:10 PM

The new mRNA vaccine facility is different to the CSL stuff but yes they have been making them. I don't know about those shipping costs coming down. I haven't read anything to suggest they will.

All I'm saying is if we are beholden to world events and decide to develop say rare earths (for example) in Australia (rather than just dig them up) because China are being cunce then that's good.

Either have I mate but clearly pandemic labour shortages and now Ukraine crisis has caused a massive surge in transport costs, must be a spike rather than an overall trend otherwise we are all dooooooommmmmeeeed :) In an ideal scenario it lasts long enough to fortify and seed new manufacturing in Australia in critical industries and such to buffer us form this Orwellian NWO (I 100000% agree with you there) but then transport costs reduce again... Even shipping shit around Australia is killing us mate.


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500 container ships awaiting for Shanghai port to open.

Europe is funding the war not Chelsea football club

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strewth mate, you lefties know fekking nuffin of the real world, back to twitter ville with the other social justice warriors.

https://www.telegraph.co.uk/business/2022/04/19/world-economy-risks-fragmenting-wake-russia-ukraine-war-imf/

Russia and China threaten 'tectonic shift' in world economy, IMF warns

Growth forecasts are slashed as body warns Ukraine war could mark end of globalisation

The world is at risk of splitting into two economic blocks as a “tectonic shift” puts an end to decades of globalisation.

The warning from the IMF came as its economists slashed growth forecasts in the wake of Russia’s invasion of Ukraine. Britain’s economy was downgraded but is still set to expand considerably more quickly this year than European rivals Germany, France and Italy.

There are fears China and Russia could create a financial system to rival the West after tough sanctions were imposed on Moscow. The West has ejected Russian banks from the Swift global payments messaging system and China’s UnionPay has stepped in to help Moscow after Visa and Mastercard suspended operations in the country.

Pierre-Olivier Gourinchas, IMF chief economist, said: “The war also increases the risk of a more permanent fragmentation of the world economy into geopolitical blocks with distinct technology standards, cross-border payment systems, and reserve currencies.”

He said this “tectonic shift” would carry huge economic consequences and is a major challenge to “the rules-based framework that has governed international and economic relations for the last 75 years.”




Europe is funding the war not Chelsea football club

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dirkvanadidas - 20 Apr 2022 12:28 AM
strewth mate, you lefties know fekking nuffin of the real world, back to twitter ville with the other social justice warriors.

https://www.telegraph.co.uk/business/2022/04/19/world-economy-risks-fragmenting-wake-russia-ukraine-war-imf/

Russia and China threaten 'tectonic shift' in world economy, IMF warns

Growth forecasts are slashed as body warns Ukraine war could mark end of globalisation

The world is at risk of splitting into two economic blocks as a “tectonic shift” puts an end to decades of globalisation.

The warning from the IMF came as its economists slashed growth forecasts in the wake of Russia’s invasion of Ukraine. Britain’s economy was downgraded but is still set to expand considerably more quickly this year than European rivals Germany, France and Italy.

There are fears China and Russia could create a financial system to rival the West after tough sanctions were imposed on Moscow. The West has ejected Russian banks from the Swift global payments messaging system and China’s UnionPay has stepped in to help Moscow after Visa and Mastercard suspended operations in the country.

Pierre-Olivier Gourinchas, IMF chief economist, said: “The war also increases the risk of a more permanent fragmentation of the world economy into geopolitical blocks with distinct technology standards, cross-border payment systems, and reserve currencies.”

He said this “tectonic shift” would carry huge economic consequences and is a major challenge to “the rules-based framework that has governed international and economic relations for the last 75 years.”




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tsf - 11 Apr 2022 7:14 PM
The LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end. 

I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas. 



thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here.

Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more.


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LFC. - 20 Apr 2022 12:47 PM
tsf - 11 Apr 2022 7:14 PM

thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here.

Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more.



Actually the biggest con perpetuated on Western workers and nations was that they didn't need "low value" jobs  where they made things as they could all just enter service industries which of course would be plentiful and suitable for everyone...and of course no-one saw that was only until they started doing things like importing barely competent IT workers and engineers from India, for example.
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LFC. - 20 Apr 2022 12:47 PM
tsf - 11 Apr 2022 7:14 PM

thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here.

Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more.

Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour?  I doubt it.

Don't forget it's the free market that decides what and where to produce something.


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Munrubenmuz - 20 Apr 2022 9:50 PM
LFC. - 20 Apr 2022 12:47 PM

Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour?  I doubt it.

Don't forget it's the free market that decides what and where to produce something.

China is not a free market. The market is controlled by the Chinese Communist Party.  They control the wages of their workers.  They control the value of their currency.  They control the terms under which foreign business do business there.  They abuse their title of emerging economy.

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Enzo Bearzot - 20 Apr 2022 10:08 PM
Munrubenmuz - 20 Apr 2022 9:50 PM

China is not a free market. The market is controlled by the Chinese Communist Party.  They control the wages of their workers.  They control the value of their currency.  They control the terms under which foreign business do business there.  They abuse their title of emerging economy.

I'm talking of manufacturers here that shipped production off shore because it was cheaper.





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Munrubenmuz - 21 Apr 2022 7:35 AM
Enzo Bearzot - 20 Apr 2022 10:08 PM

I'm talking of manufacturers here that shipped production off shore because it was cheaper.



And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies.

The global economy is not a free market economy.

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LFC. - 20 Apr 2022 12:47 PM
tsf - 11 Apr 2022 7:14 PM

thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here.

Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more.

Imo the problem is people who buy. 

When you walk past a shithole shop selling tshirts for $5 or people buying lighting from Kmart. 

Not everything is meant to be cheap and disposable. People need to expect to pay for design and quality. 

People deserve a fair wage, and the community need to not just consume mindlessly and change their mindset. 



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Enzo Bearzot - 21 Apr 2022 8:12 AM
Munrubenmuz - 21 Apr 2022 7:35 AM

And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies.

The global economy is not a free market economy.

Understood but when our manufacturers go off shore they are doing it based on free market principles here.

What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore.

It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers.


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LFC. - 20 Apr 2022 12:47 PM
tsf - 11 Apr 2022 7:14 PM

thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here.

Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more.

Yeah nah... I work in finance. You can hire a CPA from India with equivalent experience for 1/5th the cost in salary.
Enzo Bearzot
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Munrubenmuz - 21 Apr 2022 12:51 PM
Enzo Bearzot - 21 Apr 2022 8:12 AM

Understood but when our manufacturers go off shore they are doing it based on free market principles here.

What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore.

It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers.

Well, the politics can become relevant if we want them to be.   The government can make whatever laws it wants to limit sales of farms to specific buyers, for example if its in the national interest.  Because that's the sort of thing China would do if foreigners tried to buy Chinese farms.  Its never was level playing field and it always was lunacy to engage in trade when that is the case.


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Burztur - 21 Apr 2022 8:52 PM
LFC. - 20 Apr 2022 12:47 PM

Yeah nah... I work in finance. You can hire a CPA from India with equivalent experience for 1/5th the cost in salary.

Which gets back to my earlier point: the basic idea behind globalization was that advanced economies would forego manufacturing to high population developing economies like China, India, south east Asia, who had the manual resources to manufacture cheaply, and instead transition to service based economies.  Of course it never occurred to the stupid West that eventually those developing nations would train their own accountants, engineers, IT workers and compete for the same service jobs and with their lower standard of living, would happily work for less.  So now the likes of India have both manufacturing, and service economies, what's left for the Western economies?  Making coffee to each other?

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Enzo Bearzot - 21 Apr 2022 10:00 PM
Burztur - 21 Apr 2022 8:52 PM

Which gets back to my earlier point: the basic idea behind globalization was that advanced economies would forego manufacturing to high population developing economies like China, India, south east Asia, who had the manual resources to manufacture cheaply, and instead transition to service based economies.  Of course it never occurred to the stupid West that eventually those developing nations would train their own accountants, engineers, IT workers and compete for the same service jobs and with their lower standard of living, would happily work for less.  So now the likes of India have both manufacturing, and service economies, what's left for the Western economies?  Making coffee to each other?

Don't forget dog salons
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Enzo Bearzot - 21 Apr 2022 10:00 PM
Burztur - 21 Apr 2022 8:52 PM

Which gets back to my earlier point: the basic idea behind globalization was that advanced economies would forego manufacturing to high population developing economies like China, India, south east Asia, who had the manual resources to manufacture cheaply, and instead transition to service based economies.  Of course it never occurred to the stupid West that eventually those developing nations would train their own accountants, engineers, IT workers and compete for the same service jobs and with their lower standard of living, would happily work for less.  So now the likes of India have both manufacturing, and service economies, what's left for the Western economies?  Making coffee to each other?

Agreed. It makes sense that certain aspects and businesses can be 'globalized', but there needs to be some limit/controls. I don't see the Western elite bothering though, since they're accumulating all this wealth from it.
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