General Electric Company is one of the most acknowledged companies across the world. The company's center of operations is situated in Boston. In particular, the manufacturing company has various business operations in different segments. These include oil and gas, power and water, aviation and transportation. This shows the company's versatility in manufacturing as it ranges from the engineering industry to automotive industry. The company's prevailing revenue generated lies in the range of $140.39 billion as of the 2015 fiscal year. In the 2012 financial year, the company was ranked as… Continue Reading...
powerful forces that have affected the industry is as follows: First, there is a crisis in the world trade since 2008 /2009 financial crisis forcing the multinational companies to cut costs by building factories in the local markets. For example, GE (General Electric) manufactures their engine parts at countries that need them rather than shipping the parts from North America. Moreover, there is a gradual decline in the shipping rates because of the competitions. Since 2011, the shipping rates have declined. Moreover, the costs of sending the containers rates from Shanghai to Europe now costs half of what it costs in 2014 affecting the revenue of the Maersk. While the focus of the CEO of Maersk is to ensure that the company revenue continues to grow, however, the goal remains uncertain… Continue Reading...
