Quotation of the Day…

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… is from page 278 of Amar Bhidé’s superb 2008 book, The Venturesome Economy:

There may still be some advantages in locating manufacturing close to the R&D or design center where a product originates; but this is just one of the many factors that influence the design of what is now called the “supply chain.” Usually, other considerations – such as wage rates of production workers, tax regimes, proximity to markets, supplier networks, and complements – dictate that much of the manufacturing takes place in locations far removed from where the technology originates.