Malaysians love warehouse sales.
On a Saturday, there was a warehouse sale near my university. Shoppers parked their cars illegally along the road outside the warehouse, causing traffic jam.
I was inching along the two-lane road, which then narrowed down to one lane. A car suddenly cut in the line, nearly hitting mine. The car eventually stopped outside the warehouse. Apparently the driver would rather be caught in an accident than missing the sale.
Out of curiosity, I went to the warehouse for a look. What were being sold?
Dolls, baking powder, baby powder, toothpaste/toothbrush, canned food, plastic containers, A&W rootbeer, shoes, gas stoves, Casio digital cameras, condoms…
In the end, I walked out of the warehouse empty-handed.
If you are a shareholder of premium shopping complexes, such as 1 Utama, KLCC and Pavilion, I suggest that you quickly sell your shares off. Warehouse sales are more profitable!
I learned about Just-in-time (JIT) production in my MBA study. Many Japanese manufacturers, including auto giant