The Big Picture

A few days ago, I visited a company in the same industry with annual revenue close to 10 billion. I chatted with the owner's wife for six hours about gossip. (We only talked business for twenty minutes...) We discussed how bad the traditional manufacturing industry is. I said I asked the bank, and they think the textile industry is as bad as ours, and the shoe industry is doing a bit better. She said the hand tool industry is even worse. In the Daya district of Taichung alone, over 3,000 businesses have closed down (I forget if she said Taichung city or just Daya). Does anyone know why the hand tool machine industry is so miserable???