"Australia is actually very good at digging things out of the ground, putting them on a ship and sending them overseas and paying a lot of money to buy them back as a finished good."
"Not so long ago, I had to get a taxi from the centre of Guangzhou, a large city in southern China, to its local airport. The cost in Chinese money was £10. When I got back to Heathrow, I had to get a taxi to central London – about the same distance as the taxi ride in Guangzhou. The cost was £70."
"Our just-in-time merchandising is dangerous."