Chairman, President & CEO, Fast Retailing
Search every verified Tadashi Yanai interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Tadashi Yanai, chairman, president and CEO of Fast Retailing, discussed the company's global strategy and economic challenges in a 2015 interview. He stated that globalization and digitalization are the two key trends that companies must adapt to in order to succeed. Yanai described China's population of 1.3 billion as "an incredible opportunity" and said that if China's economy were to collapse, it "may trigger a global great depression," though he expressed confidence that the world would cooperate to prevent that. He noted that sales in China were improving at the time, while group sales in Japan had declined 11.7% in June of that year. Yanai also addressed the impact of the yuan devaluation on his business, explaining that since Fast Retailing pays suppliers in U.S. dollars, they were benefiting from the devaluation. He said the company would begin negotiations with suppliers about returning some of those gains. Yanai outlined plans to replicate the company's success in China across neighboring countries, Europe, and the United States, aiming to achieve a sales target of 5 trillion yen within five years.
“The challenge is to deal with the following two trends. First, the fact that globalization has entered the real world, and the other is digitalization. I believe whoever manages to adapt to these two things will become the winner. This is the biggest challenge.”
“If China's economy were to collapse today, it would be a major problem. It may trigger a global great depression, but the world is going to come together and cooperate in order to prevent that from happening.”
“I think the challenge is to deal with the following two trends first the fact that globalization has entered the real world and the other is digitization I believe whoever manages to adapt to these two things will become the winner.”
“I'm not at all concerned whether its short-term mid-term or long-term however I think there are economic challenges but if they had to transform itself from an export-led manufacturing based economy to a consumer led economy if they are to elevate the standard of living if the middle class is to expand I believe these...”
Billionaire Tadashi Yanai talks about being a billionaire, Startup, Advice, Uniqlo, Fast Retailing, Failure, Business, Mistakes Billionaire Documentary - Documentaries on billionaires; wealth, power, innovation, entrepreneurship, motivation, mindset, inspiration
A rendezvous with Japan's richest man, Tadashi Yanai, as his retail empire spawns obstacles that even he didn't see coming.
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