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Globalization Affects the Electronic Security Industry

Posted By ESA Communications, Tuesday, October 23, 2012
It may sound odd to say that globalization affects the electronic security industry in North America. But in reality, globalization truly does affect the dealer in Knoxville, Tenn., the installer in Stevens Point, Wis., or the monitoring company in Phoenix, Ariz.

Best-selling author Parag Khanna, a senior fellow with the New America Foundation, says the world is entering its fourth stage of globalization. In recent remarks at the Association for Financial Professionals annual conference in Miami, Khanna said that as the world becomes more connected, those countries that get ahead will be the ones who are investing now in infrastructure like roads and education.

What is the infrastructure for the electronic security industry? Where do we need to put our money today to lay the foundation for tomorrow?  Working in the best interests of our members, ESA asks this question regularly.

The companies that make up our industry need to ask the same thing.  Should we get into wireless?  How do we offer better connectivity for customers?  What’s the most reliable equipment? These are simple questions.

More complex questions come into play as equipment comes to us from overseas. We must make sure that equipment meets our high standards.  Cheaper parts may make sense initially, but substandard parts are unacceptable.

Products and services will continue to globalize in the years ahead. Companies must prepare for those challenges, including those in the electronic security industry.  We may find new markets overseas. A better alarm panel may be developed in India and sold worldwide. We don’t know the future. We can only pay attention to the trends and prepare our companies for what comes next.

As the industry’s association, ESA will help our members along the journey.

Tags:  globalization  infrastructure  member companies 

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