In a landmark development for the way Western companies do business in China, Apple Inc said on Thursday it had agreed to work with partner Foxconn to tackle wage and working condition violations at the factories that produce its popular products.
Foxconn -which makes Apple devices from the iPhone to the iPad - will hire tens of thousands of new workers, clamp down on illegal overtime, improve safety protocols and upgrade worker housing and other amenities.
The moves come in response to one of the largest investigations ever conducted of a U.S. company's
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The notorious Chinese component supplier behind a spate of recent negative news stories about Apple has agreed to reduce the hours of its workers, according to an AP report.
Tapping Into Global Opportunities
March 21, 2012
Even as we ride the wave of innovation out of the economic downturn, we should remain cautiously optimistic. At this stage, we can conclude that CE fared better than many other industries, and technology has become important enough to our lives to render it effectively recession-proof.
As the dust continues to settle, we can look at the data and confirm that evolving sectors like smartphones and tablets, and established categories like headphones and A/V receivers, will continue to grow. CEA’s recent Industry Forecast anticipates total revenues to reach $140 billion in 2012, a 4 percent increase over 2011.
Equipped with CEA’s monthly and weekly manufacturer shipment data and semi-annual forecasts, you have an ideal opportunity to ascertain the state of the U.S.market. Is this enough? We constantly hear about the ways we function in anincreasingly global marketplace. Since none of our industries exist in a vacuum, it is as important to understand what’s happening abroad. You often hear CEA appraise trends that impact the American market. GfK Digital World, a groundbreaking new analysis of global technology sales produced by GfK in partnership with CEA market research, gives us an ability to truly put the world market in perspective.
The analysis shows that global retail sales of CE are projected to grow 5 percent this year to hit an all-time high of more than $1 trillion. The information also tells us what CE devices are selling where and, most importantly, why they are selling. Without this insight, you may be missing actionable data points that elucidate the market and highlight business opportunities.