China: opportunities and challenges
The window is wide open for companies seeking to invest in China, but waiting is not an option.
Conditions are improving in China, and it’s about to become the largest consumer marketplace in our lifetime, but don’t wait,” said Avi Reichental, President and CEO of 3D Systems. He noted that IP theft and corruption are becoming less of a risk: “The real question isn’t how can you defend IP, but how quickly you can monetize it.”
Michael F. Hilton, President and Chief Executive Officer of Nordson Corporation, said companies “need to go local quickly. Find the best talent you can and then do everything you can to retain that talent.”
Attendees were also warned to be ready for competition from Chinese companies. “The pace of competition from Chinese entrepreneurs is just phenomenal,” said Liam Casey, CEO of PCH International.
Watch the full session below.
China: opportunities and challenges
Tony Sirianni is the EY Global Trade Leader, focusing on improving the account balance of trade across current and emerging trading routes through better global integration, country network implementation, account execution and teaming. Success is measured by revenue growth, market share and, ultimately, client satisfaction within our Global 360 and other priority accounts. Since joining EY in 1994, Tony has held many roles including EY Global and EY Americas Director of Business Development and Northeast Region Advisory Markets Leader and East Central Account and Business Development Managing Partner for Ernst & Young LLP. Tony was honored to be awarded the inaugural Chairman’s Values Award while part of EY Global.
Liam Casey is the founder and CEO of PCH International which creates, develops and delivers the world's best technology products for the world's best brands. Liam founded PCH in Cork, Ireland in 1996, and his vision for PCH has dramatically shortened the time-to-market for the latest consumer electronics products on the market. PCH works with innovative clients both large and small that are passionate about design, passionate about their brand, and passionate about the consumer experience. Liam has grown the business to well over $700 million in revenue with 5,000 employees around the world. The company moves 10 million parts across its operations every day with an annual retail value of approximately $8 billion.
Michael F. Hilton became President and Chief Executive Officer of Nordson Corporation in January 2010. Previously, Mr. Hilton spent 33 years at Air Products & Chemicals, Inc., where as Senior Vice President he led Air Products’ $2 billion electronics and performance materials segment. He also led the company’s environment, health and safety, continuous improvement and customer engagement organizations and was a member of the company’s executive committee. He is a director of Ryder System Inc. Mr. Hilton holds BS and MBA degrees from Lehigh University. He is active in a variety of charitable endeavors.
Avi Reichental has been the President and CEO of 3D Systems since September 2003. Under Avi’s leadership, 3D Systems emerged as a global 3-D content-to-print leader that is redefining and shaping how we design, produce, consume and live. Prior to 3D Systems, for more than 22 years Avi served in senior executive positions with Sealed Air Corporation, a leading provider of food safety and security, facility hygiene, and product protection solutions worldwide. He received the EY Entrepreneur Of The Year™ 2011 Southeast Manufacturing Award and two Innovator Awards, and he holds 25 US patents. Avi is Faculty Chair of the Digital Fabrication Program at Singularity University and a member of the XPRIZE Innovation Board and the National Children’s Oral Health Foundation Board.
Brett Rochkind leads General Atlantic’s (GA) Palo Alto office and is Co-head of the firm’s Internet & Technology sector. Since joining GA in 2002, Brett has worked closely with many portfolio companies in the software, internet, information and services sectors, including Appirio, Box, IHS, SSA Global and Altair Engineering in the US; Decolar, MercadoLibre and Grupo Linx in Latin America; and PowerDsine in Israel. Brett also worked in GA’s Hong Kong office, where he focused on opportunities in China and the Asia-Pacific region including the firm's investments in Alibaba Group, Renren, Soufun and Lenovo. Prior to joining GA, Brett was an investment banker with Morgan Stanley & Co. in its Mergers & Acquisitions department in New York and Menlo Park, and he helped to establish Morgan Stanley's Israel office in Tel Aviv.
William Striebe is Vice President of Business Development at UTC Climate, Controls & Security Systems (CCS) with approximately $18 billion in sales. CCS is a part of United Technologies Corporation (UTC), a $58 billion global company that provides high-technology products to the aerospace and building systems industries. Prior to assuming this position with CCS in 2005, Mr. Striebe was Associate General Counsel at UTC’s corporate headquarters in Hartford, Connecticut, working exclusively in mergers and acquisitions. Between 1996 and 2002, Mr. Striebe served as Vice President – Business Development and Legal Affairs in Paris for UTC Carrier (now part of CCS) covering the EMEA region.
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