it has been going on for closer to 10 years. China, India, Brazil, Russia the mid eastern oil producers and many other countries continue to grow at a very rapid rate as I write this memo
Maybe new customers and new markets are all putting pressure on suppliers to achieve rapid execution in getting the deliveries out on time and with good quality卆t the expense of price.
When customers?profit margins are strong, eventually the customers allow their suppliers to raise prices and enjoy higher margins as well. Higher margins come as result of higher prices.