Summary
The view from the top of business. Presented this week by Stephanie Flanders, The Bottom Line cuts through confusion, statistics and spin to present a clearer view of the business world, through discussion with people running leading and emerging companies.
This week, Stephanie's top executive guests hail from the worlds of mobile energy, sanitary fittings and business services. They discuss how businesses cope in a "slow growth" environment. Could years of slow growth be more challenging than a short sharp shock?
And not so long ago, the slow coach economy in Europe was Germany - now it's steaming ahead of everyone. What's gone right for Germany - and what lessons could other countries learn?
Stephanie is joined in the studio by Rupert Soames, chief executive of mobile energy group, Aggreko; Neal Gandhi, chief executive of international business services company Quickstart Global; David Haines, chief executive of German bathroom fittings company Grohe.
Producer: Caroline Bayley.
Transcript
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| 0:00.0 | Thank you for downloading the Bottom Line podcast. |
| 0:03.2 | In this week's programme, Stephanie Flanders asks her top business guests |
| 0:07.1 | whether they're prepared for the challenge of a slow growth economy. |
| 0:11.5 | Hello and welcome to the bottom line. I'm Stephanie Flanders. |
| 0:15.3 | This week I want to discuss how businesses cope in a slow growth environment. |
| 0:20.1 | Could years of slow growth actually be more challenging than a short, sharp shock? |
| 0:25.7 | Not so long ago, the slow-coach economy in Europe was Germany. |
| 0:29.6 | But now it's steaming ahead of everyone. |
| 0:32.1 | What's gone right for Germany? |
| 0:33.9 | What lessons are there for the rest of us? |
| 0:35.8 | But before all that, let's meet this week's |
| 0:38.4 | guest. My first guest is Rupert Soames, Chief Executive of Egrego. Rupert, tell me about what you do. |
| 0:45.1 | It's temporary power that you're providing? We operate in a very small niche of the power market, |
| 0:50.2 | where we do temporary power. Everything from a bar mitzvah in Birmingham Birmingham for a weekend up to providing power for whole countries in Africa and Asia when they run short. |
| 1:00.7 | So who are your customers? You've mentioned some of them. |
| 1:02.7 | When our customers range from, we did the par for the Football World Cup through to the utility companies who might be operating in Angola or Venezuela or in Indonesia, |
| 1:13.1 | the local utilities who will plug our equipment into the grid and use us when they have a shortfall. |
| 1:18.7 | And when you say power, what kind of power? |
| 1:21.3 | So this is for the sort of electricity, air conditioning, absolutely anything anyone needs? |
| 1:25.7 | It goes absolutely into the grid just as any other power station would. And then for the major sporting events, like we just done the Super Bowl, the power for that, we do all the power for the broadcasting that for the cameras to make sure that at the critical moment, the lights don't go out. So no pressure then? No pressure, then. You haven't had any really high profile failures? We go to bed every night wondering what's going to go wrong, but touch wood it normally doesn't. But this is whopping great generators. This isn't just bringing in a huge... Well, small ones and big ones. Everything literally from small ones that people take out for a weekend, two very big ones. We've just delivered, aiming a huge power plant to Bangladesh, which we did in 90 days. it'll be there for two years while they're fixing an old Russian power plant that's broken down. |
| 2:05.7 | And they'll fix that in a couple of years' time, and then we take our plant away. |
| 2:09.1 | How do you take a power plant to Bangladesh on a ship? |
... |
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