What's Happening?
Founded in 1826, the Collins Company quickly became a leader in edge tool manufacturing, exporting products globally. By the 1840s, the company was exporting machetes, axes, and other tools to Latin America and beyond. Despite challenges such as competition
and labor costs, the company established foreign plants in Mexico, Brazil, Colombia, and Guatemala. The Collins Company dissolved in 1966, but its legacy of innovation and global reach continues to influence the industry.
Why It's Important?
The Collins Company's ability to adapt and expand internationally highlights the importance of innovation in maintaining competitive advantage. Its global reach and establishment of foreign plants demonstrate strategic foresight in overcoming domestic market challenges. The company's dissolution underscores the need for continuous innovation and adaptation in the face of changing technologies and market dynamics.
