USA beckons
The millennium came and went and we followed the celebrations from New Zealand through Asia Pacific, West Asia, Europe on to the US until the sun went down over the West Coast. I was by then, flying quite regularly to the US mainland as many companies had set up shop in China. After working in Asia for a few years, the scale of industry in the US was a real eye-opener. Even items as small as electronic watches were shipped in tractor-trailer loads. We learned that the movements (a component of a watch) manufactured in Japan was three times the cost of one manufactured in China. We learned of currency difference profit and loss accounts, of gold prices on the London exchange, of factors and advance payments, of the innumerable contract laws across countries, of accounting systems and statutory reporting requirements. We learned of "ship-or-kill", a practice probably unique to Walmart vendors, item coding systems, batch numbering. We learned the difference between disc...