Thursday, January 5, 2023

LaW of SuPply and DemaND

I went to send my broken shoes for repair today.  Then, no discount.  And it is not cheap.  And worst, ETA is 1 to 2 months only can get it done. 
"Why so long?". I asked.  
"Too many shoes!", he replied, lansi-ly 
What's his competitive advantage?  
1. Can repair this type of shoes  
2. Assumed to be having the necessary skills - evidence the long list of customers  
3. Got proper machines 
4. Got a proper shop, no flight risk. 
What I think the other reasons 
1. RM depreciated strongly agains USD, so all new shoes is sky high price 
2. Bad markets, ppl save money by repairing instead of changing 
3. People want custom made shoes now, don't want to have a standard product. So can lansi to others. Instagram-able and Tik-Tok-able. 
Conclusion 
Who would have imagined, in a few decades back, that a shoe cobbler is more in demand than an Engineer. To put things into perspective, a shoe cobbler is a Shoe Engineer. So nothing changes.

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