Monday, May 19, 2008
How do you Spell GPS in Cyrillic?
Economists often jest about the Law of Unintended Consequences--a kissing cousin of Murphy's Law, and a concept that dates back to the Scottish Enlightenment. I only throw that last little tidbit in because I'm amused by the thought of enlightenment with kilts. I digress. It's a simple idea, if you try to do a task that produces output "A", output "B" will show up as well, and not only will it be there, but it will be something that never occurred to you when you undertook project A in the first place. Which leads me to Russian GPS.
GPS tracking is one of those businesses that actually benefits from the ills of society: car theft, lazy/fraudulent workers, etc. Much like private security, it's a measure that a person or business can take in order to protect one's own assets against, well, crime. Typically, you associate crime with a bad economy, but that's not always the case.
Take a look at Moscow. Right now, they're in a construction boom, but the supply of construction equipment can't keep up with the demand. Consequently, bulldozers and backhoes (et al) are highly valuable in Moscow and are being stolen at an alarming rate. So construction companies are starting to equip them with GPS tracking devices, so if you're in Russia and in the GPS business, this should be a good time for you. It may not last, if the production of bulldozers and excavators increases dramatically or if people decide to suddenly stop making new buildings. But here and now (and by "here and now" I really mean "over there and for the foreseeable future"), GPS is a good Muscovite industry, if only totally as an unexpected consequence of a spike in construction-related crime.
GPS tracking is one of those businesses that actually benefits from the ills of society: car theft, lazy/fraudulent workers, etc. Much like private security, it's a measure that a person or business can take in order to protect one's own assets against, well, crime. Typically, you associate crime with a bad economy, but that's not always the case.
Take a look at Moscow. Right now, they're in a construction boom, but the supply of construction equipment can't keep up with the demand. Consequently, bulldozers and backhoes (et al) are highly valuable in Moscow and are being stolen at an alarming rate. So construction companies are starting to equip them with GPS tracking devices, so if you're in Russia and in the GPS business, this should be a good time for you. It may not last, if the production of bulldozers and excavators increases dramatically or if people decide to suddenly stop making new buildings. But here and now (and by "here and now" I really mean "over there and for the foreseeable future"), GPS is a good Muscovite industry, if only totally as an unexpected consequence of a spike in construction-related crime.
Labels: business, GPS, technology, theft
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