"Tainted imports: Are you next?" screams the cover of BusinessWeek SmallBiz
"Manufacturing in China seemed like a good idea. Then came poisonous pet food, faulty tires, and toxic toys"
Now it is turning to the consumer perception that "Cheap is Dangerous".
How will affect not just manufacturing around the world, but also IT and BPO to India, E. Europe other low cost markets? Indeed, I recently wrote "Offshoring to... the USA!" with the weak dollar making US products look awfully cheap to the Europeans. Will they also view US products as just less safe?
I take a number of clients on due diligence trips to their IT and other service providers around the globe. Will due diligence become even more intense? Will companies embed more of their quality and testing employees at the "source" - at vendor locations, at the beginning of the supply chain?
Or is it just statistically normal? When China exports over $ 1 trillion worth of goods to the world each year, can you not expect an occasional Ford Pinto or Vioxx?
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