Editorials & Other Articles

OAITW r.2.0

(24,468 posts)

1. It's been happening for way longer than that.

Sun Dec 22, 2019, 02:48 PM

Dec 2019

Jack Welch, ceo of GE, was my first dealings with that. I used to buy DC motors from the GE plant in Lynn, Ma. These were industrial, large HP for our machine tools we were building -production drills, surface grinders, gear hobbers. Ordering was predictable until around '82. Lead-time went from 4 weeks to 16 weeks! Disaster for us, we had to scramble to cover our booked orders.

When I asked what was driving this, the sales guy told me production had been moved to Mexico! Thanks for the heads-up Jack! But my next question was....what if every industrial company in the US outsources their production to other countries, how will this impact our country long term?

We're living the answer to that question.

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Highlight:

Short-Term Thinking Is Poisoning American Business [View all] Zorro Dec 2019 OP

It's been happening for way longer than that. OAITW r.2.0 Dec 2019 #1

GE is a great example of short-term thinking ruining a once-dominant company Zorro Dec 2019 #2

I worked direcctly with 4 Ops guys that had ties to GE in my careeer. OAITW r.2.0 Dec 2019 #3

And today's GE sure is not what it once was Zorro Dec 2019 #5

LOL, can I relate..... OAITW r.2.0 Dec 2019 #7

In 90 at a seminar in Germany was told Gm comps found it v hard to work with Am ones bobbieinok Dec 2019 #4

This won't help.... AJT Dec 2019 #6

"Over the long run, the profitable thing and the right thing are usually the same." PETRUS Dec 2019 #8