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Downfall for swiss due to Technology

 Swiss exports have fallen for the third year in a row. This hasn’t happened since 1930, in the depths of the Depression.Experts attribute the fall to a few factors. First, American imports have fallen 28% as more and more people abandon watches or settle on Apple Watches. Younger people don’t want to buy watches at official sellers, instead choosing to go online.Watch sales have fallen before. The recent recession flattened new sales as traders sold their fancy Rolexes and Pateks at a discount just to get liquid.The Swiss can fix this. They need  to educate the next generation about the history of the things they want them to love,and they also need to make including some techy stuff which would attract young generation. Read more at : https://techcrunch.com/2017/05/17/swiss-watch-exports-dropped-for-a-third-year-in-a-row/

 

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Wednesday, 24 April 2024
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