That's a great summary. Very punchy which is exactly what is needed.
Thinking about car development speed, Detroit spends a lot of engineering time planning for quality and developing solutions and following up. Improvements get incrementally more difficult. This is where China seems a bit far behind, approx 40% more problems per vehicle. Have you heard of this, and what's your view?
I enjoyed this article but it belies a critical well documented problem.
https://hbr.org/2022/01/how-to-navigate-the-ethical-risks-of-doing-business-in-china
Cost reduction for the sake of profit optimization has a longer term risk that should now be apparent.
I’ve been watching China prepare to take the lead in biotech. It looks like it’s happening in every industry while we slowly surrender.
Wow
Hi Michael,
That's a great summary. Very punchy which is exactly what is needed.
Thinking about car development speed, Detroit spends a lot of engineering time planning for quality and developing solutions and following up. Improvements get incrementally more difficult. This is where China seems a bit far behind, approx 40% more problems per vehicle. Have you heard of this, and what's your view?
JDP survey results here...
https://www.jdpower.com/business/press-releases/2023-china-vehicle-dependability-study-vds
Clearly China wins the first few rounds.