Value. Mathics Understanding value…. . …. The Magic Pallet
Another example -industrial sector VENEZUELA A true global value chain: from raw materials to finished product around the world in 80 days. From crude oil to garbage bag
FINLAND RUSSIA Russia - crude oil exploration Finland – distillation VENEZUELA From crude oil to garbage bag
FINLAND HOLLAND RUSSIA Russia - crude oil exploration Finland – distillation Holland – trading, shipping VENEZUELA From crude oil to garbage bag
FINLAND HOLLAND RUSSIA Russia - crude oil exploration Finland – distillation Holland – trading, shipping Venezuela – toll conversion VENEZUELA From crude oil to garbage bag
FINLAND HOLLAND RUSSIA SOUTH KOREA Russia - crude oil exploration Finland – distillation Holland – trading, shipping Venezuela – toll conversion South Korea – processing VENEZUELA From crude oil to garbage bag
FINLAND HOLLAND Russia - crude oil exploration RUSSIA SOUTH KOREA Finland – distillation Holland – trading, shipping Venezuela – toll conversion South Korea – processing Singapore –trading, storage VENEZUELA SINGAPORE From crude oil to garbage bag
FINLAND HOLLAND Russia - crude oil exploration RUSSIA SOUTH KOREA Finland – distillation Holland – trading, shipping Venezuela – toll conversion South Korea – processing Singapore –trading, storage VENEZUELA SINGAPORE Bangladesh – blow molding From crude oil to garbage bag
“Around the world in 80 days” FINLAND HOLLAND Russia - crude oil exploration RUSSIA SOUTH GERMANY KOREA BANGLADESH Finland – distillation Holland – trading, shipping Venezuela – toll conversion South Korea – processing VENEZUELA Singapore –trading, storage SINGAPORE Bangladesh – blow molding Germany – distribution From crude oil to garbage bag