General Electric says: “We will localise”

Posted Posted in Economy, Export-led growth, Globalisation, Import substitution, Local economies, Localisation, Reports, Transition

  Last year came three reports on the downturn in global trade: From the container industry: Søren Skou, chief executive of the Maersk Line, which carries goods and products between Asia, Europe, the US, Africa and Latin America and is now described as the only profitable freight line. In a report from the Centre for Economic Policy Research: theslowdown in […]

The comparative security of a localised supply chain

Posted Posted in Economy, Food, Localisation, Manufacturing, Procurement, Reports, Trade

On March 15th in the Financial Times Gillian Tett pointed out the vulnerability of global supply chains:  “[B]efore 2007, bankers had created numerous convoluted, cross-border financial chains. And while these chains seemed to make the system more efficient and safer in good times, when disaster struck, they produced new risks which took investors by surprise.” She quoted research on the […]