Baba Kalyani Quotes

It used to be that American and European companies built their products in low-wage countries, separated by great distances from the innovators who developed the products and the markets where they were sold. But companies increasingly find that is an outmoded way of doing business.

In the case of Apple, they did originally do production internally, but then along came unbelievably good outsourced manufacturing from companies like Foxconn. We don't have that in the rocket business. There's no Foxconn in the rocket business.

I see a big, promising future for India's manufacturing and supply chain part of our company.

Just about everything I own was made in China. Just about everything you own was made in China, too.

Forty percent of all electronics sold are assembled by Foxconn.

Businesses are no longer receiving the cost savings from outsourcing that they once did.

Will the industry outsource more? I think it depends on the client base.

China is investing in factories in Eastern Europe, not because their labor costs are lower, but because they want to be closer to their markets.

Despite all the political sound and fury, little service-sector offshoring has happened to date. But it may eventually amount to a third Industrial Revolution, and industrial revolutions have a way of transforming societies.

For physical goods, there are costs associated with logistics and lead times, owing to inventories and poor forecasts of the market. With digital capital-intensive technology, however, production will inevitably move toward the final market, wherever it is. This re-localization constitutes a major shift in the structure of global supply networks.

China is a great manufacturing center, but it's actually mostly an assembly plant. So it assembles parts and components, high technology that comes from the surrounding industrial - more advanced industrial centers - Japan, Taiwan, South Korea, Singapore, the United States, Europe - and it basically assembles them.

The reality is if something were to happen that cost China jobs - like, if they upwardly revalued the currency a lot - those jobs aren't going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost.

I know companies in Cleveland that could make the suits and the other things that Donald Trump has outsourced.

Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.

These days, the manufacturing is controlled by a small number of countries, primarily Taiwan and South Korea.

There is no business in the world - I don't care what it is, whether it's I.T. or manufacturing - that does not have what I may refer to as a blended resource base. You have high-end work. You have engineering work. You have some local knowledge you require. Then, you have some very low-cost work to be done.

You're not going to bring back all the jobs from China.

It's crazy to go into manufacturing. That's not where the money is.

We are fed up with complaints that Mexico is stealing jobs from U.S. manufacturing. We are part of the solution that has maintained competitiveness for the U.S. versus China.

Big Business wants cheap labor costs.

Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant numbers of manufacturing jobs back to the U.S.

Western companies want access to Indian talent. That is why they outsource; that is why they come to India to set up base.

A lot of companies are global.

As long as we are one of the most expensive countries to produce in, we should focus on cutting costs that directly and indirectly weigh on business.

The American multinational companies made millions and millions of dollars from globalization.