As globalization continues to play out over the next 30 years, geographic and regulatory barriers will fall, electronic distribution will start to parallel and even overtake physical distribution, installed capacity will become obsolete before it is depreciated, and focused competitors will attack like piranhas. Companies must restructure or die.
Editor’s Note: a bit topical in places (written in 1999) but still a good read
Authors: Jane Fraser, Lowell Bryan
Source: McKinsey Quarterly
Subjects: International, Management, Strategy