GE CEO Jeff Immelt delivers message to NY graduates on Preparing for “What’s Next”

GE CEO Jeff Immelt delivers message to NY graduates on Preparing for “What’s Next”

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Speech centers on ” Localization”

Excerpts from the speech: ” We will localize. In the future, sustainable growth will require a local capability inside a global footprint. At GE, we will always be a strong American manufacturer, but we also have built factories in China, India, South Africa, Nigeria, Hungary and elsewhere around the world. We are managing extended supply chains. We are not pursuing low wages; we are using a manufacturing strategy to open markets. We will produce for the U.S. in the U.S, but our exports may decline. At the same time, we will localize production in big, end-use markets like Saudi Arabia.”

Jeff Immelt said ” Early in my career, I worried way too much about what people thought. Over time I realized that progress counts for more than perfection and that anything worthwhile takes persistence and resilience.”

The complete speech can be found here

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