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