Lessons from Failure: Stories of Resilience from Corporate Leaders Corporate Cultures
Corporate leaders often navigate turbulent waters where failure is not just a possibility but an inevitable part of the journey …
June 14, 2022: -On Monday, South Korean petrochemical firms joined the automobile and steel makers in cutting operations due to mounting inventories. Transport disruptions from a strike by truckers spread quickly across Asia’s manufacturing powerhouse.
The industry association, which represents 32 petrochemical companies in South Korea, said the average daily ex-factory shipments of their member companies had increased by 90% regarding the strike, now in its seventh day.
“The Cargo Truckers Solidarity union’s collective action to reject transportation is spreading the damage to huge petrochemical complexes in Ulsan, Yeosu, and Daesan,” the Korea Petrochemical Industry Association said in a statement.
The 22,000-strong union protested against soaring fuel prices and demanded fewer pay guarantees. Four rounds of negotiations with the government are failing to find a compromise.
It was not confirmed if the companies had cut operations. However, a primary petrochemical company source told Reuters that most firms were still storing finished products hoping to resume transportation.
Automakers, hit hard as they could not receive a timely supply of components and transport finished products, formed a task-force team within their trade association to monitor the situation and call for an early resolution.
Steelmaker POSCO has said it would halt a few plants because of a lack of space to store unshipped products. Automaker Hyundai Motor has cut production of a few lines, and cement makers have cut operations.
Prolonged labor strife could test President Yoon Suk-yeol, a political novice taking office five weeks ago, potentially distracting from his conservative agenda and applying the risk of long-term antagonism with powerful unions.
The government urges the truckers to return to work but said it seeks to reflect their demands in the legislative process and keeps trying to finish the strife through dialogue.
The truckers demand an extension of subsidies, expiring this year, guaranteeing minimum wages as fuel prices increase. The government says it is up to parliament to change the legislation.
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Systems thinking is an approach that focuses on understanding how different parts of a system interact and influence one another within a whole. It is a holistic framework considering interrelationships and patterns rather than static snapshots. By expanding perspectives, systems thinking clarifies complex situations and can spur innovation.
A definite ‘NO’ to the question if struggling families had child care asked by a group of committed volunteers in the San Fernando Valley in 1974, urged the volunteers to look for a way to support families struggling to find quality child care, development, and education services for their families. That year, the San Fernando Valley Child Care Consortium and the Mayor’s Child Care and Junior Task Force proposed the first child care resource center in the San Fernando Valley. Doris McLain was elected chairperson as Mayor Bradley accepted the proposal and gave the newly founded Child Care Resource Center (CCRC) space in Van Nuys City Hall Center. CCRC began 45 years to help working moms find child care.
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