3 ms·
In 'The Wide Lens' by Ron Adner, he uses Michelin's run-flat tire initiative (PAX) to show how brilliant innovations can fall flat (sorry, couldn't resist) if t
by gz5 5y ago
In 'The Wide Lens' by Ron Adner, he uses Michelin's run-flat tire initiative (PAX) to show how brilliant innovations can fall flat (sorry, couldn't resist) if the entire ecosystem / supply chain is not enabled.
In the case of PAX, the service stations (75% of the market is replacement) were not ready.
Hopefully, Michelin has the full ecosystem enabled in this case, as this seems promising.
- t0mas88 5y agoThe sad part for Michelin is that not much later BMW started using run-flat tires on all their cars. So it was really just a value-chain issue, not a lack of demand or bad timing.
- rad_gruchalski 5y ago> In several lawsuits and on some Web sites, consumers have complained about the difficulty of finding shops with the equipment to work on PAX; they also cite excessive tire wear and replacement costs as high as $1,600 for four tires. https://www.nytimes.com/2008/04/20/automobiles/20TIRES.html https://www.nytimes.com/2008/04/20/automobiles/20TIRES.html Seems to be a really bad value for money.
- the_mitsuhiko 5y agoAren't a lot of tires these days self sealing? Different system but also innovation but without the downsides of PAX.