Yeah, it's been a while since we've updated the blog. We've been busy to say the least. Here's a quick update on what we've been doing. First, we welcomed a new marketer and sales person onto the team. We also had a pretty good debut into some of the markets that we've been targeting last November 2019. We've also been going over some of the manufacturing details with our products. Which brings us to the next point.
We here at Conduit are pretty well versed in how global manufacturing supply chains and global commerce works. We have to be, after all, our engineers are based in the USA, our marketing and sales staff are in the USA, we work with Hungarian graphic designers, our test lab is in Australia, and our manufacturer is in China. Which is why when something like the Coronavirus popped up, we pay a very close eye to what's going on.
The coronavirus is what's called a "Black Swan" event in economics parlance. A black swan event is an unknown, un-predicted exterior event to the economy that can tank an economy, or even the world economy. Remember 2008? Lehman Brothers? That's not really a Black Swan Event. The emergence of the Coronavirus in our eyes is that kind of event.
Black Swan events are like seeing one of the Four Horsemen of the Apocalypse. If you know what they are, and what they can do, they should give you a freak out feeling. In this case, the Coronavirus managed to shutdown the manufacturing center of the world, China, to the point that we're seeing articles like Nissan having to shutdown their Japanese plants because their parts that they need from China are backlogged. And it's not just Nissan either.
So, how does this effect us? Well, our manufacturing happens in China. Granted, almost 90% of the world's consumer electronics happens in China, so we're obviously not the only ones in that boat. It's disrupted global supply chains, and created a huge mess of backlogs and shortages of parts. So far, we haven't been effected as much - fingers crossed. However, it's also severely delayed the creation and manufacturing of new products, which are now super back logged.
As of yesterday, Feb 12th, 2020, Shenzhen's Daily news site put up an article that most of Shenzhen's manufacturing parks, offices, and industrial zones are going back to work, after stringent control measures.
Can you imagine what that must be like, going back to work after being shut down for over a month? What the streets of Shenzhen must look like? Ever watch "The Walking Dead?" Yeah, it's kind of eery. We get that kind of eery feeling in some parts of Washington D.C. after certain government and business districts shut down! Course, wearing our bluetooth boneconduction headphones while that happens is like putting a horror movie soundtrack to the scene. Some of us have tried it, after a hard day's work and then biking into town to chill out, one of our staff will play the soundtrack to "The Walking Dead," while bicycling out there, quiet silent streets with a whisper of an icy cold wind. Yes, he also dressed like a zombie for Halloween, so, you know.
Anyway, at our company office, life goes on, which means we stay focused on delivering the best quality product at the best value to you. So wash your hands, don't become a vector of... anything, stay healthy, and keep riding and listening.