FoxConn announces return to China after investing billions in India

It is more fun criticizing

Foxconn, the prime contractor for Apple Iphones announced its return to China, investing a billion yuan for its HQ, R & C center, and EV vehicles.    Why did Fox Conn and Apple return to China after deciding that the land of Promise was India.

Well, Fox conn did not find the stability and reliability in India which it could in China:

     1.   Infrastructure

     2.  Quality 

     3.  Bureaucracy      

Despite political speeches welcoming the investment Foxconn found itself mired in bureaucracy with imports of raw materials sleeping in Custom Warehouses for days.  Shifting policies and regulations

Parts did not arrive on time delayed by days or weeks spelling losses for Fox Conn.  In China it took only hours.  

Furthermore the Indian workers low on learning curve, had outputs of only 50% functional vs China of more than 90%.   China had decades of building its capability and skills of workers.  So back to China despite occasional hiccups and higher wages.  Good news for China and bad for India.  

China is still the manufacturing center of the world and shows its prowess in making electronic products, EVs, heavy equipment, and even airplanes

China has taken provocative actions vs our country PHL but we have to accept these truths 

Its cheaper, quality is high and compassionate treatment is being taught

It is more fun criticizing

This trend has made study of medicine very expensive and competitive in the Philippines.  It cost 7 figures to send a doctor in the Philippines now.  It used to be Asian  and ME countries sending their children to medical schools in the Philippines.  This is a new trend for Americans to send their children too in the Philippines.

Another point to be proud of about the Philippines.  

If you are from other countries, would you send your children too to medical schools in the Philippines.?

Japan was my idol in business, economy, philosophy, and achievement

It is more fun criticizing

Despite being the conqueror of our country in WW2, and news of atrocities vs our people, as a business person I admired the achievement of Japan.  It was the No 2 biggest economy in the world after USA.

So I bought and read over and over books by Konosokue Mastsuhita, Akio Morita,  books on the Toyota Way.   Studied their quality circle, the voice of quality, Kaizen, 5s and many more.

However I was disappointed to see news of business failures despite these vaunted very sound business practices:   Toshiba, Olympus, Sharp and many more.   Perhaps because of too much competition from  Korea and China, they were not able to adopt well.  And more importantly the collapse of the bubble in 1990. 

When Lagarde (head of IMF) spoke about world finances, she mentioned that her number 1 problem was Japan.   

And this was exacerbated by the 2011 Tsunami and Fukushima meltdown

We plan to visit Japan soon and see how clean and how beautiful and advanced it is.   

It is the sincerest wish of this post that she recapture her glorious past and progress.

Food Security in the Philippines