Will Cook change recipe? Mar 5, 2020 (WiC 485)
“The question for us is: was the resilience there or not? And do we need to make some changes?”
Apple boss Tim Cook discusses with Fox Business Network his firm’s near total reliance on its China supply chain – which has been badly disrupted by the coronavirus. He indicated a dramatic overhaul was not pending: “If there are changes, you’re talking about adjusting some knobs, not some sort of wholesale fundamental change.”
Toy story Feb 28, 2020 (WiC 484)
“It’s going to hit the toy business big time. There is going to be a shortage of hot toys, worldwide”
Isaac Larian, founder and CEO of MGA Entertainment, tells the Financial Times that his industry has very limited options to source outside China: “No [other] country has the labour force, the infrastructure”. MGA makes LOL Surprise! – one of the world’s most popular toys.
Priority baggage Feb 21, 2020 (WiC 483)
“We have flown parts in suitcases from China to the UK just to make sure we’ve got the right parts”
One of the emergency measures Jaguar Land Rover has taken, says its CEO Sir Ralf Speth. He told the Financial Times that 38 key components from China were required to prevent its UK car factories from halting production at the end of February.
Winning the battle Feb 14, 2020 (WiC 482)
“State capacity and a collective culture are the two uniquely strong characteristics of China’s political system and social construct that will ultimately enable the country to successfully combat this crisis”
Shanghai-based venture capitalist Eric Li tells Lunch with the FT last weekend that the Wuhan coronavirus is the “medical equivalent of a natural disaster”. Li, who set up his Chengwei Fund in 1999, is one of China’s most high profile ‘public intellectuals’ when it comes to arguing a Chinese perspective in Western forums.