My recent visit to the Vietnam boatyard run by the Australian catamaran builder, Seawind, was a fascinating experience. Seawind had been building cats for 30 years in New South Wales and owner Richard Ward wanted it to continue that way until his retirement but the global economy had other ideas. A soaring Aussie dollar and slumped market pushed the company to the wall in 2011. To extricate itself from what the Aussie government refers to as “administration” required a business plan that drastically cut costs and had a long-term strategy of creating a leaner supply chain. The inception for this came in 2010 when Seawind acquired the trimaran company Corsair Marine, which had followed a similar trajectory by moving from the United States to Vietnam in a bid for survival.