“‘...people instinctively think that’s bad for shipping, right? But when you think about it from a commodity standpoint of supply disruption… you can understand…’”
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Said on Monetary Matters with Jack Farley
The Core Report · #1000 Why The Sensex Has Hit A Near Three Year Low
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surveyed 50-60 companies about supply disruptions from China and found 20-40% cheaper domestic parts
20% to 40% cheaper
“‘...people instinctively think that’s bad for shipping, right? But when you think about it from a commodity standpoint of supply disruption… you can understand…’”
“What happens is companies make these promotions and then they stop talking about it but the promotion still is on the books. Remember that years back, the price match guarantee? What I would do is I went and I found a cheaper one and I was like, hey, based on your website, you still have this price match guarantee.”
“The accounting industry in Australia is a $30 billion industry with over 30,000 practices; only about 20 firms have >$100 m revenue and 50-60 have >$20 m.”
“We've now invested in, I think, eight companies where assets have been sourced from China ... we have not directly invested in China, but we've developed close relationships with local partners”
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