Toyota Improves, Planes Orders Up and Out, 80 Is The New 50

Paul Daly: 0:31Yo Monday already um that good kind of tired today,like tired from a good time as opposed to a bad time. But today we're going to talk about Toyota improving. Playing orders up and80 is the new 50 I'd say 8080year old feel when they wake up if I want f 44. How do I feel?I'm twice as old

‍Kyle Mountsier: 0:56

man alive. I'd tell you what we were my mom.She has a friend. She was in town this weekend. She has a friend that's 96 years old. She was like, yeah, she was going up and down the stairs at a new house. I'm gonna just like, God bless her. I don't even want to think about going up and down stairs at 96 Can someone just carry me up those jokers when I'm that age?

Paul Daly: 1:17

By the time you and I are 96 There are a few inventions that I'm really excited about one of those inventions inventions is that like, Honda made like exoskeleton. Yeah. Have you ever seen it? Yeah. said that. You're like just strap on. And you got the thing. I'm like, Man, I'm gonna be I'm gonna I just imagined myself running like Right? Like, it's not gonna be a problem. 40 years from now we're gonna have all types of things that are available that are just not available. That's gonna make96 So much easier. Just like all the Lead Gen Z are like that have babies now? Right? You kind of gone through this, right?Because you just had a baby right? You're kind of on the border. But here's the deal.Here's the deal. 25 years ago,now 20 years ago, he was so much less stuff. I don't know what happened. Oh, so much less.

Kyle Mountsier: 2:02

It's unbelievable. The baby world of product is ation is expensive at best I got was it unbelievable?

Paul Daly: 2:11

I got my no was it? I can't remember. You would you wouldn't have

Kyle Mountsier: 2:15

what? Okay,we're on it. We're on a little tangent. already. You've seen these moms, they get to the park. And like, outlet. They like stick their hand in the back of the car. And with one like with one motion, it's like it's transformer thing comes out of the car. And it's like there's the coolest thing you've ever seen to put my child like that.

Paul Daly: 2:39

And then there's like the tech the next level tech like my buddy has this thing and it like it like lulls the baby back to sleep. It's like here's my baby's sleep patterns. And when they started awake, and when they made a little noise and the thing kind of like shimmies and it makes them go back to sleep. I'm like, man, we did old school. That's fascinating. The bed handover.You hear the thing? You just did a groggy sleep, just put your hand over nothing. And I don't know how we got on that. Oh,here we go. People are loving.The comments are coveted. Adrian says he's got a baby shower yesterday. It was so jealous. 19years ago, it was not as awesome. Now everything's an Instagram event. Do you got Pinterest? Right? We got Instagram, like the ante has been raised in some way. All again with my grandkids and I'm sure I'll just throw right in and be like, Yo,

Kyle Mountsier: 3:27

you will throw right in. It'll be unbelievable.I can see it coming.

Paul Daly: 3:31

Absolutely. It's coming. It's coming. I don't know that we have any announcements after that.Speaking of

Kyle Mountsier: 3:35

throwing in,

Paul Daly: 3:37

okay, good, we gotta get out of that pull up. So go to executives believe that the lessons they've learned from Tesla coupled with Toyota is inherent culture of continuous improvement. We know that as Kaizen will facilitate a leap forward and Evie production as they aim to have the number of production processes is cut them in half, reduce planned investment and cut the production lead time required for new nameplates. Their new approach includes the formation of what they're calling Bev factory, a group that brings all the functions from design to manufacturing and sales, all of it under one umbrella, you know,their famed production system,they're going to overhaul it,you know, because they're watching Tesla, and they're like, they're doing a great job.Right? So they're gonna do better. We're gonna take that a yo, yo, Ciro Nakamura, Deputy Chief of global production of Toyota said, of course, we admit Tesla has wonderful technology,but that just motivates us to work harder to catch up. If we learn from them. It won't be if we are to learn from them. It won't be a copy, we will improve upon them through Kaizen look out. Yeah,

Kyle Mountsier: 4:44

I'm excited like at some point, I want to go visit a Toyota battery electric vehicle factory because you think about that. If these vehicles have some level of autonomy already baked into them. That's why you pre programmed them with everything.They need to get through the factory like, on those little points where you have to drive or have to move or have to open a door, like, go ahead and start to pre program that and streamline the efficiency of these of these factories, it's going to be, it'll be out tell you what if you've never been in an automotive factory already,where like final build stage is happening, it's already a work of art, like the speed at which the robotic arms move, how close they get to walls, and like,just all of that. And to think that the manufacturing process is just getting better and better and better. And then learning from Tesla and being able to have the number of production processes. That's absolutely insane. And I love I don't know if you caught this,but this this idea, like, Hey,we are going to connect through this kind of like B V factory,the idea of it being kind of an innovation factory that says like, we're gonna go from all the way from design to sales,recognizing that really, like they are all intertwined. That's right. I was like, r&d is very disconnected from sales. And like linking those up is going to streamline every single process, all the way down to the end consumer, which I think is like, that's the goldmine out of this not just the manufacturing process, but streamlining things to where it actually makes sense to the end consumer.

Paul Daly: 6:23

I wonder if I wonder if a car is going to be able to like pull itself out of the line, you think about like,Stop, you know, the stoppages are the big thing, right? I mean, Toyota has kind of been legendary for saying if there's a problem, or stopping the line,because if we stopped the assembly line, it'll get fixed faster, but it'll be interesting to see how that develops. But you're right, man, bringing the consumer as close to the factory as possible. Seems like a really, really, really good idea. Speaking of factories,manufacturing factories. Well,look, now that automotive inventory is starting to catch up another industry is has a backlog that makes a 10 month wait, seem like the express lane, the sky demand for airliners is outpacing the industry supply, with manufacturers such as Airbus and Boeing really struggling to keep up. So basically, the unexpected surge in air travel post pandemic has shifted airlines strategies from like, Okay, we have to recover from that to like, let's put our foot down on the throttle or push the throttle forward, I don't know what to do on a plane to focus on expansion and growth. So basically, there is a full stop in late 2019, right pandemic hit through 2020, in new orders of airplanes, new orders completely stopped, no one knew what was going to go on airlines, then place massive orders to secure future inventory. So there were really two strategies going in Boeing during the pandemic shut everything down. Airbus made it a big point to keep the manufacturing rolling just like kind of an automotive right,they kept it rolling. And because of that, they actually went from being behind in market share to significantly ahead.And now people are putting in orders like this big order that they mentioned in the article,the Indian budget airline or indigo, they ordered 500 I can't remember that was they were like737 or something like that. And they said, Great. You'll see those. And oh, well, what are my buttons? I thought it was a good time here. 20 It's been, but that's that's when they'll be seeing their new airplanes. Can you imagine a business plan that involves you putting an order like that and now saying, hey,look in in six years from now,we'll be good to go.

Kyle Mountsier: 8:43

We'll see what's crazy is like to plan for oh,goodness, air travel is spiking in 2023. You would have had to think about that in 2018. Way before the pandemic started.Yeah, that level of business plan. It's unbelievable. But I will say like, I'm watching, we were driving past just this anecdotally. We're driving past the Nashville airport yesterday.And historically, the Nashville Airport has zero traffic that hits the highway. Like it never makes it out to the highway.That line on the middle of a Sunday afternoon. Not like a morning a lot not like peak travel times of the day was out the highway like a mile just right. That's discouraging. It's fun. I mean, this is everywhere,though. I mean, we're flying a lot at the at this point these days, and we're just seeing like stacking up at the airport, more and more people the TSA lines are getting longer, like it is it's definitely a reality just from like a felt perspective of a traveler. But for a business like this to start to think about like what are the projections 2357 years out? I can't imagine especially like purchases at that.

Paul Daly: 10:03

What those delivery contracts look like? Like at what point can you can you pull the plug? I don't know. But I'll tell you what. Definitely unexpected. Definitely expected.Speaking of things that are unexpected segue. Right,

Kyle Mountsier: 10:22

hold on, what have I just I just got shocked,because here's here. I had to look this up. Sorry. I know you segwayed already. A typical 737jet. You ready for this? Is at$2.4 million multiplies. I'm500. All right, sorry, I missed the segue the

Paul Daly: 10:45

news that deposit. He gets you tell you what wasn't back on actually, at the rate of inflation ordering it now seems like a really great idea.Because seven years from now that it might be half price.

Kyle Mountsier: 10:59

That's true.Good luck in your pricing matrix. There you go. Okay, man,here we go. Well, the number of80s Americans over 80, who are working has risen by 18% in the last decade, with many citing a personal desire to continue working rather than financial needs. So it's people want to stay in office, approximately50% of these individuals work full time hours, mostly in professional managerial and financial roles, rather than service jobs. Which is, which makes a lot of sense, right? Not a lot of lifting and none of Robo

Paul Daly: 11:34

exoskeletons yet.

Kyle Mountsier: 11:38

Okay, studies reveal a variety of reasons why older people continue to work,including maintaining relevance,personal satisfaction, and the joy of surprising others, or just being in the know. Here's a couple of stories. So Andre Carlson, an 82 year old supermarket bakery worker shares, I work with older people like me, and I think most of them are working for the same reasons I do. We like having somewhere to go something that needs to be done and everybody likes to feel needed. Another 87year old CEO of hat, data hive,and data hive secure. Her name is Marjorie Zingle says I love to go into a meeting and surprise everybody. I proved it over and over and I can't stop.I love that like these. They're like, Oh, no, what we love to do is bring a little

Paul Daly: 12:23

surprise and delight to the situation every Oh, not the CEOs grandmother, I'm in charge.

Kyle Mountsier: 12:30

Well, it's surprising to light of the way that they like, but also like the age, but also I think there's a unique perspective that you get at that age and you start to like, you just start to give a little bit more in a way that doesn't need anything back.And that allows you to provide these moments of surprise and delight. I wrote a post a few weeks ago about like Chick fil A right and they they historically have hired older people to kind of like work the work the floor and being in the restaurant. And like check in on tables and things like that. I'm telling you what, like, the way that a grandma comes up to your kids and says a little different my screen, right? It's like it's just so wonderful. Like I see this I love that like there's this there's this it's not just like oh my goodness, financial pressure but there's this kind of overwhelming desire to give back you know,

Paul Daly: 13:30

you know, the auto industry is definitely one where we see a lot of generational workers Yep. You know every dealership has has you know those those folks that show up and they were like they've been doing this for years and years or you know, the older GMs or you know gyms have passed or ownership who is just still likes to be in the game on the hunt and just kind of in the mix and there's a great The thing about you know, like one of the things people look forward to as they get older is like I can say what I want I can say what I want I there's got to be this like real fulfilling way of like hey, like I don't know, man, I'm87 What are you gonna say?

Kyle Mountsier: 14:10

What are you gonna say? Right here it is gonna be the best

Paul Daly: 14:13

all the best old man in the automotive industry in let's see what what year is it now? It's 24 like in 2060Michael Cirillo is going to be an unbelievable human to be around he already is unbelievable, but it's gonna be a total like people are gonna get nervous when he comes in the room because he's just gonna just walk in the room and be like this you this you this why are we doing this like kids these days? Right? It's got to be that guy. I can't wait to see that moment. It's universally Oh man. What a Monday. What a what is a heck of a Monday if you're not ready to go? You're gonna miss the train. It looks like lots of people in the comments ready to go with soda who is ready to go? We know automotive industry you're ready to go to so let's go dual mandate

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