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Foxconn 985m q2



It was amazing! From 1Q to 2Q the company has been in a constant state of expansion and improvement. The global assembly lines have seen great progress with all of them being operational. As seen from this graphic, they have continued making their workforce more efficient every day. In addition to that, many new suppliers are getting involved. At first glance, it looks like the line is going down but what happens next is even better. For instance, there was a big announcement that we would be working on building factories outside China, mainly focusing on Australia. This means that instead of just Chinese workers who work for Foxconn, the companies will now be sending Australian people. So yeah, there was some good news during the quarter! Here’s an overview of everything that happened in the second quarter.

1Q18 — Q1 and 5Q

In terms of revenue, at the end of the quarter, I’m pretty happy with sales! Both divisions had very impressive numbers in 2020, despite the challenging environment the world has faced over the past year. We could also see growth in our customer base as well as profitability! Overall, the quarter had the best sales performance in the Company’s history. Sales grew by +11% year-on-year.

For factory operations, as explained before, we have expanded operations outside of China. Now, we have two plants — one located in South Korea (~30% of net income) and the other located near Vietnam (approximately 30% of net income). These plants are in areas where low labor costs, combined with the favorable cost of living conditions combined with high demand. There’s a lot happening here! During the first half of 2021, there have been significant improvements with these expansions. With a focus on efficiency, we’re improving productivity, reducing cycle times as well as using robots to increase throughput.

As part of this effort, we started hiring additional employees in both of these locations. On top of that, we also acquired Konsultant, which will allow us to offer services beyond manufacturing as well as supply chain management. Lastly, we are investing $50 million into expanding our distribution center in Taiwan. Because of its small size, this plant can handle large amounts of production and logistics while still offering the same quality standards as our current operation.

2Q18 — Q2 Performance

There have also been major developments in our business around Asia. When compared to last year’s performance, we saw a reduction in order bookings. While this may not seem like much at first, the fact remains that the market has become more competitive. Additionally, COVID cases have surged in several parts of China prompting restrictions that are impacting businesses negatively. All of these factors led to lower-than-normal orders to ship, especially since most manufacturing facilities were operating at full capacity. However, there were some positive trends in Q2 as well. One thing worth noting is that Q2 saw a decrease of 12% in total labor utilization, while the average time spent waiting to receive goods increased slightly. While shipping delays are generally expected, I’m sure there are lots of things that didn’t go according to plan. Unfortunately, because of these issues, the shipment rate increased throughout the quarter, reaching 120%. That’s why it comes as no surprise to see our overall delivery rate increase -1.7% compared to Q1 2019. Of course, we had a mix of products shipped which meant a slower pace of delivery but nevertheless, it did have a solid result. Even though shipments were delayed due to logistical difficulties, it seems unlikely these issues will hinder our ability to meet up with future requirements.

In terms of gross margin, consolidated revenues rose 6%. Gross profit grew 9% year-on-year to RMB6.86 billion (USD 4,832). This is really quite a change from when this division had a 3% loss in 2017. This performance shows how hard our team works and how dedicated our employees are and how focused we are on meeting customer demands. Our margins are coming in strong while maintaining our pricing structure. As always, I’m thrilled about the investments we’ve made in technology and automation. With so many benefits such as predictive maintenance, autonomous vehicles, and robotics, it’s clear that this investment is paying off.

Overall, this is another huge step forward for our product portfolio. By taking advantage of the rising consumer demand in Southeast Asia, we’re able to expand production and reduce transportation costs. This allows us to offer higher quality service and make an even greater impact on customers’ lives. Another key area of success is digitalization. Right now, our teams are leveraging Google Drive to manage inventory, orders, information, and many other processes in real time. And I mean, real-time. Within minutes, I can upload files onto my computer or mobile device to get notified immediately. Not only that, but once data is uploaded and processed, you never have to re-read data again. But it goes further than that. After receiving data after processing an order, you can actually take action within seconds.

3Q18 — Business Update

Overall, I’m glad to report that we managed to successfully ramp up production capabilities while keeping demand steady. Obviously, this is a great achievement that is reflected across the entire organization. However, to do this, the team must maintain consistency. Throughout this process, we have made certain adjustments to help improve productivity, such as streamlining operations, automating internal processes, and upgrading IT. Together, these efforts have resulted in a 14% improvement in order backlogs.

Given that there are currently 15 weeks left before we officially close out Q1, I’m particularly pleased with the way our customers and partners have been responding to our initiatives. Most importantly, I am incredibly proud of everyone’s perseverance during this period. Hopefully, we continue on this trajectory moving forward!

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[pii_email_9a6747553e02a469600b]: Solving the Microsoft Outlook Error




Understanding the [pii_email_9a6747553e02a469600b] Error and How to Fix it

Emails have become an indispensable part of our lives, and for most people, Microsoft Outlook is the go-to email client. However, like any software, Microsoft Outlook is not immune to errors, and one such error that users frequently encounter is the [pii_email_9a6747553e02a469600b] error.

In this article, we will delve into what the [pii_email_9a6747553e02a469600b] error is and how to fix it.

What is the [pii_email_9a6747553e02a469600b] Error?

The [pii_email_9a6747553e02a469600b] error is an error that occurs when there is a conflict between the SMTP (Simple Mail Transfer Protocol) server and Microsoft Outlook. SMTP is the protocol used to send emails, and when it encounters an error, Microsoft Outlook is unable to send or receive emails.

Causes of the [pii_email_9a6747553e02a469600b] Error

There can be several reasons why the [pii_email_9a6747553e02a469600b] error occurs, some of which include:

  1. Incorrect Configuration Settings: If the SMTP server settings are incorrect, it can cause a conflict with Microsoft Outlook, resulting in the [pii_email_9a6747553e02a469600b] error.
  2. Outdated Software: Using outdated software can also result in the [pii_email_9a6747553e02a469600b] error. It is crucial to keep your Microsoft Outlook software up-to-date to prevent such errors.
  3. Multiple Accounts: Having multiple email accounts in Microsoft Outlook can also cause the [pii_email_9a6747553e02a469600b] error. If the settings for each account are not configured correctly, it can lead to a conflict.

How to Fix the [pii_email_9a6747553e02a469600b] Error?

Now that we know what the [pii_email_9a6747553e02a469600b] error is and what causes it, let us look at how to fix it.

  1. Check Your Internet Connection: A weak or unstable internet connection can cause the [pii_email_9a6747553e02a469600b] error. Ensure that you have a stable internet connection and try sending or receiving emails again.
  2. Update Microsoft Outlook: If you are using an outdated version of Microsoft Outlook, updating it to the latest version can fix the [pii_email_9a6747553e02a469600b] error.
  3. Clear Cache and Cookies: Clearing your browser’s cache and cookies can help fix the [pii_email_9a6747553e02a469600b] error.
  4. Reconfigure Settings: If the SMTP server settings are incorrect, reconfiguring the settings can help fix the [pii_email_9a6747553e02a469600b] error.
  5. Uninstall and Reinstall Microsoft Outlook: If none of the above methods work, uninstalling and reinstalling Microsoft Outlook can help fix the [pii_email_9a6747553e02a469600b] error.


The [pii_email_9a6747553e02a469600b] error can be frustrating, but it is not something that cannot be fixed. By following the methods mentioned in this article, you can fix the [

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Exico-based Raises $20M in Series A Funding Round Led by Azevedo




“ and Azevedo: Revolutionizing the Mexican Real Estate Market”, a Mexico-based real estate platform, has successfully raised $20 million in a Series A funding round led by Azevedo, a leading Latin American venture capital firm. The funding will be used to expand the company’s operations and strengthen its position in the Mexican real estate market. was founded in 2019 with the aim of transforming the real estate industry in Mexico by making it more transparent, efficient, and accessible. The platform uses technology to simplify the home-buying and selling process, providing a one-stop-shop solution for all real estate needs.

With a user-friendly interface and advanced algorithms, helps customers to find their dream home quickly and easily, while also providing a range of services such as property valuations, mortgage advice, and legal support. The platform also offers a commission-free model, which helps to reduce costs for buyers and sellers.

The company’s innovative approach to real estate has already attracted a large user base, with over 150,000 users and 10,000 properties listed on the platform. The latest funding round, led by Azevedo, will allow to continue its rapid expansion and further disrupt the Mexican real estate market.

Azevedo is one of the most prominent venture capital firms in Latin America, with a strong track record of investing in disruptive startups. The firm has invested in a range of sectors, including fintech, healthcare, and education, and has a reputation for supporting companies with innovative solutions that can drive economic growth and social progress.

The partnership between and Azevedo is expected to have a significant impact on the Mexican real estate market, which has traditionally been characterized by a lack of transparency and high transaction costs. With’s technology-driven approach and Azevedo’s expertise in scaling startups, the two companies are well-positioned to revolutionize the way people buy and sell homes in Mexico.

In conclusion, the successful Series A funding round for, led by Azevedo, represents a major milestone for the Mexican real estate industry. The platform’s innovative approach to real estate, combined with Azevedo’s expertise in scaling startups, is set to drive significant change and growth in the sector. As continues to expand and disrupt the market, it is clear that the future

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Divvy Series Announces Investment Round Led by Azevedo and Featured on TechCrunch”




“Revolutionizing Corporate Expense Management: Divvy Series Attracts Investment from Azevedo and Garners TechCrunch Spotlight”

Divvy Series, a Utah-based startup that offers a cutting-edge corporate expense management platform, recently announced a successful investment round led by Azevedo, a venture capital firm that focuses on early-stage startups. The investment round also featured participation from existing investors, including Insight Partners and Pelion Venture Partners. The funding will be used to expand Divvy’s platform, accelerate growth, and provide additional support to its growing customer base.

Divvy’s platform is a modern solution to traditional corporate expense management. The platform allows businesses to automate expense reports and streamline the expense reimbursement process. The platform also provides real-time spending insights to help companies manage their expenses more effectively. With Divvy’s platform, businesses can easily control spending limits, track expenses, and reduce the risk of fraud.

Divvy’s platform has received recognition from numerous publications and was recently featured on TechCrunch. The TechCrunch article highlighted Divvy’s innovative platform, which has been lauded by its customers for its user-friendly interface and its ability to help businesses manage their expenses more efficiently.

Divvy’s CEO, Blake Murray, expressed his gratitude for the investment and support from Azevedo and other investors. He stated that the investment will help Divvy continue its mission to revolutionize corporate expense management by providing a modern solution to an outdated process. Murray also emphasized that Divvy’s platform is designed to save businesses time and money while providing greater control and transparency over their expenses.

In conclusion, Divvy Series has attracted significant investment from Azevedo and other investors, which will help the company expand its platform and accelerate growth. The platform is revolutionizing corporate expense management by providing a modern solution to an outdated process. With its innovative platform, Divvy is helping businesses save time and money while providing greater control and transparency over their expenses. As Divvy continues to grow and innovate, it is sure to remain at the forefront of the expense management industry.

Divvy Series has been gaining traction in the industry as it provides a comprehensive expense management solution that is much easier to use than traditional methods. Divvy’s platform allows businesses to control and manage their expenses in real-time, reducing the risk of overspending and fraud. Moreover, it eliminates the need for employees to keep track of their expenses manually, which can be time-consuming and prone to errors.

The investment round led by Azevedo and the feature on TechCrunch demonstrate the significant potential that Divvy has in the market. The investment round will provide Divvy with the resources it needs to expand its platform and reach more customers. The feature on TechCrunch will also help raise awareness of Divvy’s platform among businesses and potential investors.

Divvy’s platform is highly customizable, allowing businesses to tailor it to their specific needs. It integrates with various accounting software and provides detailed spending reports, making it easier for businesses to track their expenses and make informed decisions. Divvy’s platform also provides virtual credit cards that employees can use for work-related expenses, eliminating the need for traditional credit cards.

In addition to its platform, Divvy has also established a strong customer support team that is available to assist customers with any issues they may encounter. The team provides training and support to help businesses make the most of Divvy’s platform and ensure a smooth transition from traditional expense management methods.

In conclusion, Divvy Series is a startup that is disrupting the traditional corporate expense management industry with its innovative platform. The investment round led by Azevedo and the feature on TechCrunch are strong indicators of the potential of Divvy’s platform. As Divvy continues to expand and innovate, it is poised to become a major player in the expense management industry. With its user-friendly interface, real-time spending insights, and customizable features, Divvy’s platform is sure to meet the needs of businesses of all sizes.

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