Emerson 2005 Annual Report Download - page 8

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Please find page 8 of the 2005 Emerson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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4 E M E R S O N 2 0 0 5
“ Business without
borders...”
The global economy is evolving at a rapid pace.
As trade and investment across borders continue, we
see an increased interdependence of countries and
the creation of one global marketplace. Advances in
transportation and telecommunication have allowed
for much closer contact between different parts of the
world than was ever expected 20 or 30 years ago. And
with constant and real-time access to financial markets,
business never sleeps, anywhere.
Developing countries are a big part of the
shift as well, growing at more than double the rate
of established countries. And as economies and
individuals in these developing nations progress,
large opportunities and challenges are created.
This means that successful companies must be
working and partnering across borders like never before,
designing products in one country, manufacturing in
another, and selling and servicing the finished product
in yet another. Managing global supply chain and
logistics issues is a crucial element of success, and
intense engagement in emerging markets becomes
a key strategy in helping to grow the business.
Emerson’s businesses and operational strategies
have capitalized on these global economic trends. For
example, we are able to help meet consumer demand
for air conditioning, plastics, telecommunications, and
gasoline production in Asia, Latin America, and Eastern
Europe. In the story opposite this page, you see how we
support infrastructure investments in these regions by
equipping electric power generation facilities with the
latest innovation and technology.
Emerson grows its leadership position in global
markets by establishing strong manufacturing,
engineering, sales, and service positions to meet the
needs of customers in these areas. With the expertise
and local knowledge of our engineering centers of
excellence, we’re creating global technologies for local
applications and working closely with customers and
governments to help lead economic advancement and
development, without borders.