Saturday, September 30, 2023

Remote and Hybrid Workplaces Hiring Faster | Europe's Appeal to Americans | Inventory Glut, Not Shortage | Harnessing the Power of Caring About Others' Opinions

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Why Europe is a magnet for more Americans - The Economist   

“WHAT I ENVY you is your liberty,” says Count Valentin de Bellegarde to Christopher Newman, the protagonist of Henry James’s novel “The American”. Rich, self-made and free of class prejudice, Newman moves to Paris for fun, only to be sucked into the intrigues of the French aristocracy. The template still describes one type of American expat: the well-off innocent who comes to Europe for amusement or edification. Another sort, however, comes not to enjoy the old world but to escape the new one. “I didn’t know what would happen to me in France,” said James Baldwin, a black writer, of his decision to emigrate in 1948, “but I knew what would happen to me in New York.”

More Americans are moving to Europe lately, and many are fleers rather than seekers. The statistics are messy, but in some countries the trend is clear. In 2013-22 the number of Americans in the Netherlands increased from about 15,500 to 24,000; in Portugal it tripled to almost 10,000; and in Spain it rose from about 20,000 to nearly 34,000. In other places, such as France, Germany and the Nordic countries, the number grew moderately or held steady. Britain thinks the number of resident Americans rose from 137,000 in 2013 to 166,000 in 2021 (the latest estimate).

Meanwhile, more and more Americans say they want out of their own country. Few of those who vowed to leave if Donald Trump were elected in 2016 actually did so. But Gallup, a pollster, found in 2018 that the share of Americans who said they would like to move permanently to another country had risen from 11% under Barack Obama to 16% under Mr Trump; by 2022 it was 17%, Joe Biden’s election notwithstanding. The follow-through rate remains tiny: a few tens of thousands of émigrés out of a population of 330m. But many recent expats say they left partly out of despair at where the United States is heading.

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The Next Supply-Chain Challenge Isn't a Shortage — It's Inventory Glut - Harvard Business Review   

Inventory challenges aren’t new. Electronics littered shelves in 2001 after the dot-com bubble burst. In 2009, the financial crash left manufacturers with excess inventory when consumer buying power suddenly dropped. And now, the high-tech industry is feeling the weight of a volatile market that has led to excess component inventory. Measuring inventory momentum can help leaders address the problem. It’s a forward-looking metric based on the classic momentum equation: current inventory x rate of inventory change. Once leaders understand their inventory momentum, they can take actions to reduce excess inventory, stem the rate of inventory change, and prevent the situation from happening in the future.

It’s March 2020. Store shelves sit empty, without any toilet paper or cleaning supplies in sight. Tablets and electronic devices are out of stock. Consumers are clamoring for the basics they need to suddenly work and learn from home and live under quarantine. Meanwhile, on Zoom calls and in email threads, company leaders around the world are racing to put in giant orders with their suppliers to speed up supply-chain lags and get products to customers. In the supply-and-demand equation, demand seems infinite.

Now, three-plus years later, we’re seeing the stark aftereffects of that spike in demand. After the race to order key components and manufacture products, suppliers are left with mountains of excess inventory as growth has slowed to normal levels. In the tech industry, it’s common for warehouses to be full of now-outdated semiconductors and other technology components. When those components were ordered, they were in hot demand. Now, companies are dispositioning excess electronic components (selling them at lower prices, scrapping them, using them in alternate products, and trying to sell them back to suppliers) to get them off their balance sheets.

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