Razor-Thin Margins and Rabid About Costs, Staying Nimble is Key
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Show Notes
Flextronics International Senior VP of Finance Manny Marimuthu discusses:
- The Flextronics proposition in Asia;
- Malaysia proposition - 11 manufacturing facilities, one R&D centre and currently 20,000 people to get to 23,000 employees;
- Reasons for being bullish;
- Adding jobs - headcount;
- Rising Costs - regional comparison;
- Growth - CAGR forecasts - outlook;
- Margins - razor thin - 2012: $29.4 billion revenues. Net income $521 million. Net margin: 1.77 per cent - strategy;
- Costs management - difficulty - challenges - prices - migration;
- Labour costs - China exposure - issues;
- Identifying The Next big Thing;
- Long-term strategy of shrinking High Velocity Solutions - new areas - details;
- Impact on revenue - margins;
- Leaks - internal policy - dealing with it;
- Walter Shimoon case - lessons (former director of business development - charged with insider trading);
- Apple - independent audits by the Fair Labor Association - Microsoft, Dell , HP and Samsung - guidelines - Electronic Industry Citizenship Coalition - views.
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