A lesson in materials and labor costs.
The Difference Between A $99 Suit And A $5,000 Suit, In One Graphic -- In his New York Times Magazine column this week, Adam Davidson writes about the surprisingly tough business of making ultra-high-end men's suits. For a broader look at the suit business, we asked Salvatore Giardina, an adjunct professor of textile development and marketing at the Fashion Institute of Technology, to give us a rough breakdown of what goes into making the three main types of men's suits -- off-the-rack, made-to-measure and bespoke. Here's what he told us.
Crank it Up.
Coupa & KPMG turn it to ELEVEN. The folks over at Coupa, together with KPMG, are hosting a series of half-day learning and networking events for procurement leaders this fall. The schedule begins in Dallas on September 13, and will hit 10-cities across the US and the UK (London on Sept 25), ending in Atlanta on November 29. The Eleven tour, (a nod to Spinal Tap's riff), will include best practices for 'cranking the savings' from Coupa customers (such as Michaels Stores in Dallas and The Blackstone Group in NYC), industry experts, and KPMG executives. Plus expert demonstrations of the Coupa solution. You can check out the complete tour schedule and reserve your free seat at http://www.coupa.com/eleven.
...but they'll still supply the main processors.
Apple Shifts iPhone Chip Suppliers -- Apple Inc. has recently shifted some memory-chip orders for its coming iPhone from Samsung Electronics Co. to other Asian chip makers, people familiar with the matter said Friday, suggesting that the U.S. company is diversifying its component suppliers as patent disputes between the two technology giants escalate.
No end in site?
Don't Bet on the End of China's Growth Miracle -- In 2011, China's economy grew 9.2 percent, compared with 10.4 percent in 2010. In the second quarter of 2012 that growth rate had fallen further, to 7.6 percent. That's set alarm bells ringing about the fate of the China miracle. Will the most successful and rapid decline in global poverty in the history of humanity shudder to a halt? Will the Asian Century be postponed, leaving the U.S., against the odds, as the undisputed top nation for the foreseeable future?