Gerald F. Davis > Quotes

“Following a model popularized by Nike, American corporations increasingly hived off the production and distribution of their goods and services to focus on the higher value-added tasks of design and marketing. Surprisingly few goods are actually produced by the company whose brand is on the label, from iPhones to cat food to blood thinner. The result has been disastrous for American employment, even in “high-growth” industries such as electronics. It has also resulted in a conundrum about “corporate responsibility,” as supply chains are increasingly dispersed around the world and illegible even to the companies owning the brand. Few sectors are immune, whether in manufacturing or service.”
― Gerald F. Davis, The Vanishing American Corporation: Navigating the Hazards of a New Economy