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A Profile of the Furniture Manufacturing Industry by Susan M. Walcott

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CHAPTER 7

Challenges and Opportunities for the Furniture Industry

Despite the picture of declining employment and enterprises in the furniture industry, the prognosis is far from completely bleak or even uncontroversial. This is particularly true with the American economic recovery underway since 2010. Economic development observers frequently prognosticate that the future profits will flow from higher value added factors such as innovation, creativity, and services rather than the standard “old economy” standbys of low cost labor and capital. Applying such factors to the furniture industry means a combination of higher technology manufacturing, higher skilled workers, better integrated timelier delivery systems, and quality design elements responsive ...

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