Having spent the past couple of weeks in Hong Kong and the Pearl River Delta, I found the obituaries for Keith Tantlinger, the engineering brain behind the shipping container, poignant.
I took a stroll along the Pearl River in Guangzhou on Wednesday, nearby the ports from which vast amounts of electronics and textiles are shipped via containers to the rest of the world. It was a reminder of how much Mr Tantlinger’s little-known invention in the mid-1950s revolutionised the transport industry.
As recorded in Marc Levinson’s book The Box, Mr Tantlinger was asked by his boss, the maverick entrepreneur Malcolm McLean, to make practical the idea of storing goods in box containers rather than in break-bulk ships which had to be loaded and unloaded at each port. Read more
Who would not want Brunello Cucinelli to succeed in his quest to produce luxury cashmere sweaters in the Umbrian hills while paying his local workforce a premium wage and offering them a three-course daily lunch?
Rachel Sanderson’s interview with Italy’s “King of Cashmere” is a great insight into how one manufacturer is trying to preserve artisinal traditions rather than outsourcing the production of his eponymous knitwear to China or Bangladesh.
It will be encouraging if he can continue with his idyllic-sounding approach to design and manufacturing – helped by the fact that he can sell the resulting products to investment bankers and others for luxury prices – while listing a third of his company on the Milan stock exchange. Read more
The ill-tempered struggle in Washington over raising the federal debt limit is enough to make anyone gloomy about the future of the US. Clive Crook, my FT colleague, rightly contrasts the stasis among politicians with the “unrivalled energy and ambition” of US workers.
Old companies may die, but old stock market indices ought to live for ever. Certainly, the longevity of the FT30 index, first published in 1935, suggests they can go on and on, even if their relevance ebbs and flows.
In fact, there could be no better moment to revive interest in the original benchmark of British stocks. Read more
When a Rolls-Royce engine on a Qantas jet blew up last November, the engine-maker and the airline joined Toyota and BP in a list of companies fighting to repair damage to their global reputations.
But the Rolls-Qantas incident was of a different order and degree from the Toyota car recall and the BP Deepwater Horizon explosion. The settlement announced on Wednesday seems to reflect that. Read more
Sony’s launch of its first tablet devices is bound to excite unflattering comparisons with revolutionary Sony products of the past – particularly because it falls in the same week as the death of Norio Ohga, the Japanese company’s former chairman and chief executive.
As every retrospective of Ohga’s extraordinary life has pointed out, he was the Sony executive who helped establish and drive the compact disc. By contrast, Sony’s “S1″ and “S2″ (their temporary names, thank goodness), already seem doomed to be mere “iPad rivals”. Read more
Sir John Parker’s arrival as chairman of Anglo American in 2009 may well have changed the miner’s destiny. He steadied the ship, stood in the way of a potential bid from rival Xstrata, and threw his weight behind chief executive Cynthia Carroll, who was under intense pressure. All this looks like evidence of the Northern Irishman’s legendary toughness. Except Sir John himself says he’s not tough.
In my latest Turning Points interview, he describes himself rather differently – as a believer in discipline (learnt on the family farm where he was brought up) prepared to be tough only where necessary. Read more
Having worked in Milan in the mid-1990s, I have a soft spot for Italy’s imprenditori – the enterprising corporate leaders, often company founders, who make up the backbone of the industrial economy. They must be ashamed of the way their government is stirring up protectionist sentiment against French takeovers of Italian companies like Bulgari. Read more