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Speaking in Geneva, the head of Toyota's European operations, Didier Leroy, played down the impact of a manufacturing glut on the Japanese carmaker.
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The manufacturing capacity glut remains.
Thus, the compelling combination of the newly high number of women excelling in the workforce, the number of women who are pleased with their jobs in manufacturing and the glut of open manufacturing jobs provides a unique opportunity to attract more top-tier female talent to the manufacturing sector.
But persistent economic problems have sharply reduced both power generation and manufacturing, leading to a glut of carbon allowances.
We know that when Americans displaced from manufacturing jobs join the glut of Americans competing for jobs that can't be replaced by lower-wage workers abroad – personal service jobs in retail, restaurant, hotel, hospital, child care, and elder care – all lower-skilled workers face downward pressure on wages.
Though demand is up, prices are down because of a sudden glut in manufacturing capacity.
A glut of manufacturing capacity in the industry has turned into a price war for the companies involved.
Add to that the fact that the industry is moving to larger 12-inch silicon wafers that yield more chips, and you have a recipe for a glut in manufacturing capacity.
In 2000, the global DRAM industry recorded $29 billion in revenue but in 2001 recorded only $10 billion in revenue because of a massive inventory overhang and a glut of manufacturing capacity.
(Chartered's capacity increased during the quarter–hence the 103%.) But if history is any judge, a glut of manufacturing capacity now invariably leads to a shortage within two years.
While the 1980s saw a glut of manufacturing capacity from Japan and the 1990s saw it again from South Korea and Taiwan, the next capacity recession will likely hit by 2005 and come from China, Chang says.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com