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Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition October 7, 2019

Each issue of Businessweek features in-depth perspectives on the financial markets, industries, trends, technology and people guiding the economy. Draw upon Businessweek's timely incisive analysis to help you make better decisions about your career, your business, and your personal investments.

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Bloomberg Finance LP
50 Issues

in this issue

3 min
taiwan tech rethinks china

Thirty years ago, Taiwanese tech entrepreneurs started moving factories to the mainland, kicking off a global economic transformation that’s made China the world’s top manufacturer of electronics. Today, four Taiwan-based companies—Foxconn Technology Group, Inventec, Quanta Computer, and Compal—together account for some 40% of exports from China to the U.S. of computers, phones, and related items. But faced with growing trade tensions and U.S. tariffs, the leaders of those companies are reconsidering their commitment to China. Although any pivot away from the country is just starting, factories that leave won’t come back anytime soon. Here are four men responsible for the shift decades ago who will play a key role in deciding how much longer China will remain the global manufacturing king. Terry Gou, 68, founder and board member, Foxconn Technology Group ●…

12 min
pat o’ gold

In 1999 the Irish Dairy Board, which had been selling butter and cheese abroad under the Kerrygold label for almost four decades, shipped a few thousand foil-wrapped bricks of butter to the U.S. The group didn’t have high hopes. American farmers produced more than enough milk to go around, and tariffs on imported butter, along with the cost of shipping it, meant that Kerrygold would be substantially more expensive than it was in Ireland. On top of that, the U.S. grocery industry was notoriously fragmented. With so many grocers to woo, penetrating the market would be an arduous process. Twenty years on, Kerrygold is America’s second-best-selling brand of butter by revenue—a result that surprises even the team that pushed to introduce it here in the first place. (Land O’Lakes, the domestic…

6 min
toyota remakes its biggest plant

Toyota Motor Corp.’s largest plant in the world sits on 1,300 acres surrounded by rolling fields of bluegrass in rural Kentucky. With floor space equal to about 170 football fields, the Georgetown factory houses more than 2,000 industrial robots, 6 cafeterias, 2 paint shops, and an indoor basketball court. Walking down crowded aisles between parts bins and half-assembled cars, plant manager Susan Elkington scans the facility, obsessed with finding more open space. “I talk a lot about space,” she says. “If you want something new, you need space first.” Say for room to build a RAV4 sport utility vehicle, which isn’t presently built in Georgetown but Elkington expects will be starting in January. The 48-year-old engineer was tapped to run the factory last year, and her first order of business has…

5 min
rudy giuliani, front and center

Congress’s impeachment inquiry into President Donald Trump is going to look a whole lot like an investigation of Rudy Giuliani. The president’s personal lawyer, public attack dog, and shadow diplomat is at the center of the storm brewing over Trump’s attempt to pry damaging information about Vice President Joe Biden out of Ukraine. Whatever happens, Giuliani will play a pivotal role. Among the questions House Democrats are asking: What is the extent of Giuliani’s involvement in Trump’s effort to dig up dirt on a potential political rival? Already, House Democrats have called several of Giuliani’s business partners and government contacts to testify and demanded that he produce documents related to his communications with a range of associates in Kiev and within the U.S. Department of State. “He could claim an attorney-client…

2 min
the beats go on

Finding comfortable, high-quality headphones for an active lifestyle has long required some sort of compromise, whether in design, function, or battery life. The $250 PowerBeats Pro take a step in the right direction. Apple Inc. acquired Beats by Dr. Dre in 2014, and these have similarities to its own AirPods, including speech accelerometers to filter external noise and motion detection that recognizes when the buds are in your ear so they start playing right away. At just 20 grams (0.7 oz.), they’re lightweight enough to wear for hours—whether you’re taking business calls or training for a marathon—without causing the ear soreness that can come with long listening sessions. THE COMPETITION • The Klipsch T5 True Wireless set ($200), released in June, is a throwback to ’70s-era style but offers cutting-edge sound. Its…

2 min
ed bastian

• Became CEO of Delta Air Lines Inc. in 2016 • A CPA, he held finance jobs at PricewaterhouseCoopers and PepsiCo Inc. before joining Delta in 1998. He briefly left in 2005 before being wooed back to help manage Delta’s bankruptcy • Has bought minority stakes in Korean Air and Air France-KLM What’s one thing that excites you, looking ahead five or 10 years? International. We’re a great U.S. airline now. I want to be a great international airline. As the investments in our international partners take root … I think we have the opportunity to be that. What’s Delta’s take on airline partnerships and code-sharing and frequent-flyer alliances? One of the things that’s not been successful in the airline world are the alliances, and I’m being self-critical. [Delta leads the SkyTeam alliance.] So…