Historically, the margins of retailers and manufacturers have been remarkably stable, says Carsten Stendevad of Citigroup's corporate-advisory arm.

花旗企业咨询机构的卡斯藤•斯坦戴福表示，从历史上来看，零售商和制造商的收益一直非常稳定。

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"Around 90% of the productivity growth in corporate America has come from cost-cutting, and that is now reaching its limit," says Carsten Stendevad of Citigroup's corporate-advisory arm.

“公司化的美国大约90%的生产力增长是由于削减成本，而这已达极限。”花旗的企业顾问Carsten Stendevad说道。

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“Around 90% of the productivity growth in corporate America has come from cost-cutting, and that is now reaching its limit, ” says Carsten Stendevad of Citigroup’s corporate-advisory arm.

“公司化的美国大约90%的生产力增长是由于削减成本，而这已达极限。” 花旗的企业顾问Carsten Stendevad说道。

youdao

“Around 90% of the productivity growth in corporate America has come from cost-cutting, and that is now reaching its limit, ” says Carsten Stendevad of Citigroup’s corporate-advisory arm.

“公司化的美国大约90%的生产力增长是由于削减成本，而这已达极限。” 花旗的企业顾问Carsten Stendevad说道。

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