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Globalization of manufacturing

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  • Today, the luxury brand handbag is a study in globalization: hardware, like locks, come from Italy and China (primarily Guangzhou); the zipper comes from Japan; the lining comes from Korea; the embroidery is done in Italy, India or northern China; the leather is from Korea or Italy; and the bag is assembled partly in China and partly in Italy. The sourcing is sometimes as questionable as the true provenance of the bag; one manufacture told me that one supplier claims his silk is British when it fact he buys it in China, stores it in the United Kingdom, and then sells it at European prices.

  • — Globalization of manufacturing
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“Americans are the most optimistic people on the face of the earth. The saying, ‘You make your own luck’ is very American. Tell that to somebody born in a poor neighborhood in Colombia. Their chances at succeeding in life born in an extended family, never met their dad, surrounded by ignorant people, their chances of having a decent job or decent family are about zero. The most important thing you can do in life is to be born into the right family in the right country at the right time

—Micheal Fumento
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