Word: backlogs
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Dates: during 1940-1949
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With $600 in his pocket, he quit, went to California, set up office in a Los Angeles barbershop. His backlog: one plane...
When war clouds rolled up in 1939, Douglas was a middling-sized company with plants at Santa Monica and El Segundo. But he had a big-company backlog of $69,000,000. Cautious Donald Douglas did not want to grow any bigger and did not intend to. All this planemaking interfered with his engineer's urge to design planes. But the Army changed his mind...
...lower, with the percentage of profit to gross, which was a firm 8% in 1938, now dropping below 3%. Compared to a 1938 net profit of $2,147,000, these figures are high. But despite its present position with an annual business of $1,000,000,000 and a backlog of over $2,500,000,000 (fourth largest of any U.S. company), the company had been able to pile up only $36,000,000 in net working capital, and contingency reserves of only $6,875,000. This is enough to meet one week's present payroll. And this...
...could not even have armed itself, let alone its allies. Yet the 700-1,100% expansion in tool production, the prerequisite of victory, is now becoming superfluous. New orders reported in August were less than one-third of shipments and are still dropping, and the industry's backlog is now down to four months capacity. Airplanes are not so long-lived, but the industry's constantly increasing production poses an even more acute short-term postwar crisis...
...Future It Made. With a ship building backlog of nearly $30,000,000, Cargill, Inc. has no trouble fitting its new yard into the pattern of its postwar operations. To get lower freight rates for Port Cargill now, Cargill, Inc. has already bought the 115-mile Minnesota-Western R.R. which taps Minneapolis and the rich grainlands of central Minnesota. Thus, Cargill, Inc. has its own port at the head of the navigable Mississippi, its own railroad to supply...