5 ms·
I struggle to see how this can be seen as a bellwether of the economy. 3M sells things that should be reasonably recession-proof: people don't stop buying scotc
by terryschiavo22 7y ago
I struggle to see how this can be seen as a bellwether of the economy. 3M sells things that should be reasonably recession-proof: people don't stop buying scotch tape in hard times.
- CJKinni 7y agoI believe most of 3M's products are industrial abrasives, films, laminates, and adhesives. I suspect they make more money selling layers of film that are part of electronic displays than they do selling scotch tape.
- dsfyu404ed 7y agoThe vast majority of 3m products are used by businesses. If your business is doing less stuff then they need less 3m products.
- mml 7y agoPretty sure scotch tape (or any other consumer product) is a tiny fraction of their business. Their main gig is selling industrial solvents, additives, adhesives & abrasives to mining & manufacturing concerns. Building up production facilities for others & the engineering involved in all that is a lucrative line as well. Patent licensing too.
- mfatica 7y agoCompetitors exist. And I don't remember the last time I've bought scotch tape.