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The Impact on Logistics
A few years ago, I was at a class on global business strategies at Saïd Business School, University of Oxford. The person addressing the class used to be the head of Volvo in China. He had taken over Volvo's China business when it was making only a few million and turned it into a multi-billion-dollar empire.
He was explaining the strategies that Volvo adopted to maintain its competitive advantage in the Chinese market. While we were discussing their China story, the discussion touched upon India. The Volvo executive said, "India is at least a decade behind China."
I just couldn't accept that comment. I asked him why he would say that when India had the GDP numbers, population, surging middle class, and a higher level ...
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