Word: shopped
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...with transportation costs continuing to plummet and markets becoming freer, there are many more places for companies to set up shop, and traditional advantages such as cheap labor or a lack of tariffs mean less and less in many industries. Multinationals are increasingly opening major operations in second- and third-tier cities - GlaxoSmithKline in Posnan, Poland, Google in Belo Horizonte, Brazil - places that plenty of people have never even heard of. "Companies are adopting an all-shore strategy," says Dennis Donovan, principal of Wadley Donovan Gutshaw Consulting, which helps companies decide where to locate...
...course, the world doesn't completely change over night. Many of the classic reasons companies set up shop in far-flung locales, like gaining a foothold in a new market, are still in the mix. Nissan, for instance, is among the carmakers now building a plant in Russia, a country flush with money from the skyrocketing price of oil. In 2003, Nissan sold 8,000 cars in Russia, a number that jumped to 24,000 in 2004, and to 50,000 in 2005. "We started thinking, if this isn't a fluke, we need to think about localization," says Dominique...
...Yorker and Harper’s. “Moments of Happiness,” her first poetry collection since 1986’s “The Beds We Lie In,” was released on Nov. 10, exclusively through Cambridge’s Grolier Poetry Book Shop. The Harvard Crimson: This is your first book since 1986—that’s 21 years since you released the Pulitzer-Prize-nominated “The Beds We Lie In.” Is there a reason behind this long period between releases? Kathleen Spivack: Two presses...
...lyrics are smart but not wise. He describes social, romantic, and suburban anxiety with rare precision, but he never knows how to feel better. The band is perfect for kids who know their clothes don’t fit but don’t know where else to shop, kids who have an inkling that “Fight Club” stinks but don’t want to slog through “The Seventh Seal.” Despite opening shows for Pearl Jam in 2000 and co-headlining a tour with Death Cab For Cutie...
...only came out for this latest iteration with some fairly significant caveats. "We should do it in [a way that] avoids unintended consequence[s] and harm to other similarly structured partnerships in other fields," Kerry said. In Massachusetts the private equity firm that bought out the local Stop 'n Shop franchise has added 8,000 employees and 57 outlets, while Boston-based Dunkin' Donuts was taken over two years ago by another private equity firm. Then there is Charles Schumer of New York, who is the Senator representing Wall Street in D.C. and the man who most often asks them...