Commentary: Old Economy Or New, Vertical Empires Don't WorkStan Crock
For the likes of General Motors, Ford, and Lockheed Martin, it's a case of "been there, done that." They spent decades combining suppliers and manufacturing operations to cut costs. It turned out to be an expensive failure. Big manufacturers are now shedding everything but their core businesses, replacing the old model of vertical integration with a lean, mean approach based on outsourcing.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- One of the World’s Hottest Stocks Is Now Tumbling
- Recent ‘Odd’ Market Moves May Be a Warning Sign for Stocks
- This Rare Bear Who Called the Crash Warns Housing Is Too Hot Again
- The Global Economy Is Doing Just Fine, But the Davos Elite Is Worried
- Dollar Edges Lower Amid Shutdown; Stocks Advance: Markets Wrap