i chatted for 45 minutes with the ceo of a bounce house mfg with 2000 employees about 5 months ago. they had moved all of their production to china, and then china started making foreign executives afraid to visit because they might not he allowed to leave. they wanted to move mfg out of china to vietnam but the chinese govt wouldnt let them take their own equipment out. they considered some bribes but hd no guarantee it would he enough. they realized they should write off the equipment and purchase a whole new set but the lead time was like 3+ years and from china. so they likely couldnt mfg any new jumpies for years and would have to make everyone just patch repair instead.
Same story with every tech company attempting to do business inside China. Doesnt stop company after company from trying themselves because they think they are special and extra talented, not like those hacks at other companies.
As a business investment, what is the long-term outlook for the bouncy house industry? I assume it has its ups and downs.
So far, it seems to be benefitting from recent inflation, but I wouldn’t want to be around when that bubble pops.
There have been downturns in the industry before, but it always seems to bounce back.
i chatted for 45 minutes with the ceo of a bounce house mfg with 2000 employees about 5 months ago. they had moved all of their production to china, and then china started making foreign executives afraid to visit because they might not he allowed to leave. they wanted to move mfg out of china to vietnam but the chinese govt wouldnt let them take their own equipment out. they considered some bribes but hd no guarantee it would he enough. they realized they should write off the equipment and purchase a whole new set but the lead time was like 3+ years and from china. so they likely couldnt mfg any new jumpies for years and would have to make everyone just patch repair instead.
Wow. Real industry info. I was just going for the pun! Thanks for sharing.
Tell your boss get off the Trump juice.
When did Lemmy.ml let you out of the cage?
Same story with every tech company attempting to do business inside China. Doesnt stop company after company from trying themselves because they think they are special and extra talented, not like those hacks at other companies.