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  "documentTitle": "Stryker Corp. (SYK)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2022-04-06 00:00:00",
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      "kind": "callout",
      "text": "Since 2017, Stryker has provided reduced disclosures of its operational footprint. However, we observe it has grown total locations from 275 to 356, or by 30%, from 2017-2021.",
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      "text": "manufacturing locations: 50",
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      "text": "Since 2017, Stryker has provided reduced disclosures of its operational footprint. However, we observe it has grown total locations from 275 to 356, or by 30%, from 2017-2021 (Note: Revenues are up 37% in the same period). A former employee we interviewed warned about this, and says Stryker has not invested in streamlining its footprint. A keen observation was made that a comparable company, Boston Scientific operates with 16 manufacturing facilities while Stryker boasts over 50 facilities.",
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      "kind": "quote",
      "text": "Stryker investing in operations would be a watch out for me as well as I think about it. Keep in mind, Stryker has 47 manufacturing locations all across the globe...",
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      "text": "\"Stryker investing in operations would be a watch out for me as well as I think about it. Keep in mind, Stryker has 47 manufacturing locations all across the globe. You take another company like Boston Scientific, they probably have maybe 15 or 16 manufacturing locations.\" — Former Stryker Employee",
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      "kind": "title",
      "text": "Manufacturing And Property Bloat",
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