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economy still top concern of contract furniture manufacturers.
by：TR
2021-08-27
For the third year in a rowS.
In the fifth annual survey of the top 25 contract furniture manufacturers of W & WP, the economy is the most concerned issue for respondents.
While President Clinton promised to improve the economy during the campaign, most executives representing the largest economy in the United StatesS.
makers remain skeptical about the rapid turnaround in office and institutional furniture sales.
According to the fifth annual contract furniture manufacturer survey of wood and wood products, 18 of the top 25 company executives who answered the survey questions listed the economy as one of their three major economic pillars.
16 of them have made the economy a top priority.
However, some economic indicators indicate that at 1990-
Fiscal 1992.
A national report that reflects the possibility of a sudden gathering and injecting some new vitality into the dormant contract furniture industry predicts that
Residential Building Construction.
At the same time, many manufacturers are looking for overseas or domestic markets to expand their sales base.
But the recovery in the industry may be slow.
In addition to the \"merger frenzy\" that started in 1986, which is still experiencing some impact --
1989, many contract furniture manufacturers say they are still working on price discounts.
In addition, some executives expressed concern about how the Clinton administration and Congress will deal with environmental regulations and health care reforms.
\"I think 1993 will be a tough year for the painful recovery of the US economy. S.
This will affect the US economy. S.
John Axel, senior vice president of mascatine, Iowa, said: \"contract the furniture industry with the company\'s layoffs and people who have to find new jobsbased HONInd.
\"If conservative Democrats have a chance, they will hit the deficit, which could cut demand in the second half of 95. \"Non-
The dilemma of the furniture industry can be traced back to a large number of office vacancies.
According to Oncor international, a commercial real estate service company, there are 85 million square meters of vacant office space in the country, covering more than 4,400 football fields. In its year-
Oncor reports that 18 major US market data manuals have ended 1992S.
Office vacancy rates in central business district markets including Chicago, Denver, Los Angeles and Dallas exceeded 20%.
Lindy Lyne, communications manager at Oncor international, said: \"The slow economy has led to cuts and layoffs by companies that have evacuated their space . \".
\"These companies are trying to sublet their space, but space is empty because few companies are expanding.
\"Domestic construction
According to data from Dodge/Sweet, residential buildings are expected to grow by 5% in 1993, the first time in 20 years, with institutional buildings surpassing the commercial and industrial sectors, the Macquarie Building Statistics and forecasting information Department-Hill.
Some areas of the country are expected to show some
Improvement of residential buildings including North central (3%)
South Atlantic (9%)
And the South Central region (11%).
However, it is expected that the northeast and western regions of the country will be reduced by 1% and 8% respectively.
Exports rose, imports fell, and high vacancy rates and doldrums in many major commercial markets. S.
Some contract furniture manufacturers are looking overseas to increase market share.
Part of the trend is reflected in the USDA Forest Services report, which shows that at the end of the 1992 quarter, the United StatesS.
Exports of office furniture exceeded $54 million and more than $6.
8 million above 1991. U. S.
Wooden office furniture exports have also grown by $32 over the past four years.
Exports to global markets have proven to be a profitable proposition for many American businesses. S.
Many other furniture manufacturers are also exporting.
\"Contract hotel furniture companies in this country have overcome their fear of sending goods overseas,\" says Axel . \".
\"The American industry is recognizing that its products and people are as good as any other industry in the world.
\"A contract furniture manufacturer that increased exports is Morristown, Tennessee. -based Shelby-Williams.
The company accounted for about 12% of its $0. 14 billion contract furniture sales last year.
Paul Steinfeld of Shelby said: \"The world has become more global and designers are building around the world. Williams\'CEO.
\"In fact, we just received an order to make some hotel furniture for a hotel being built in Nepal.
\"Another area that some top contract furniture manufacturers have been exploring is the US home office market. S.
Home Office Market
Many large service companies, such as insurance, data processing and research, have or are seriously considering work --at-home programs.
This trend may still be in its infancy, but some contract furniture manufacturers are serving the market.
According to a survey of the top 25 W & WP, four respondents currently offer either a family office furniture series ---
Including Kimball and Alma desks-
Or there\'s a plan at 1993--
For example, Gege International, Gexin office furniture, etc.
Four of the top 25 respondents said they recognized the home office furniture market as a growth market, and their response to this trend ranged from \"great potential\" to \"some potential.
\"I think the office furniture industry has huge potential in this new market,\" said Pamela Grove, vice president of marketing at Pittsburgh Haskell.
\"The employer will provide these employees with equipment and furniture to make them more productive at home.
This means that the furniture must meet some of the same functional requirements as the current office.
However, to produce an acceptable product for this market, many other requirements need to be met.
James E. Said: \"providing a successful home office product line will depend on providing quality products at affordable prices.
Barrows, furniture marketing director, GFOffice.
\"The key to Home Office products will be to produce better quality products that enterprises need, but the price is lower than that of traditional office furniture, competing with many KD (knock-down)
\"The catalogue of goods on the market now,\" he said . \".
According to the information from BIFMA, 1992 of the merger, discount is still active, which includes the proposed sales of Westinghouse Electric.
Two companies acquired by HON and Kimball.
But last year was very different from the seven acquisitions that took place in 1988.
Does this mean that the market has stabilized and that the \"M & A boom\" has disappeared for some time?
\"The purchase and purchase did not stop, although they did not continue at the same speed,\" said Russell Coyner, executive director of Bifma . \".
\"There is a stable desire, but if you have a mature industry where there is a price discount and there is no huge difference between the products offered, then the merger will happen ---
Market share strategy.
This trend will continue to widen the gap between large and small furniture manufacturers.
According to Axel, \"people blame discounts for making it easier for some small and medium-sized enterprises to be acquired because they quickly reduce their financial resources.
Manufacturers, large and small, blame each other for their price discounts that paralyze businesses and industries.
Van Jacobson, president of Santa Ana, California, said: \"discounted contract furniture is very similar to what major airlines have done to their industry . \"-
Based on the concept of panel (
Sales: $18 million).
\"The big guy messed up everything with a discounted price and took some of the little guys away.
The contract furniture industry is a victim because big companies have damaged our industry in price wars.
\"It doesn\'t matter if the company that started the price war is big or small, and everyone will be hurt,\" says Axel of HON Ind . \". (
Sales: $0. 608 billion).
\"Discounts consume the company\'s financial resources and you can only do it for a while before your resources run out.
If companies pay attention to price margins when pricing products, then some of the normal pricing may return.
It makes no sense to sell products that are lower than the cost.
\"Many of the top 25 contract furniture executives said that in order to produce high-quality contract furniture, price wars need to be terminated and healthy relationships with competitors, such as repeated excellence training and quality control programs
\"The quality and efficiency of contract furniture, not discounts, will keep businesses away from competition,\" said John Geiger, CEO of Atlanta, Georgia . \". -
Headquartered in Geiger International.
Other areas of concern
The industry issues that survey respondents are most concerned about are excessive environmental legislation in areas such as formaldehyde, wood dust, rainforest and decoration emissions.
About 55% of respondents listed environmental issues as one of the three major concerns for the next year.
The president has not yet made his plans clear, leaving many contract furniture makers guessing what environmental legislation will appear at the annual meeting.
\"Environmental issues are important,\" said Thomas Spangler, vice president of sales and marketing at Ind Huntingburg. -
Administrative furniture.
\"But administrative reform should put these issues in a secondary position.
\"The survey participants ranked third among the three major concerns (50%)
The issue of health care/worker pay is a new issue added to this year\'s survey.
Although President Clinton has promised to address the issue, contract furniture manufacturers have been very concerned about the soaring medical costs for employees.
\"In the last five years, the health care costs per employee have grown at double-digit rates each year,\" said James Rossi, director of human resources at Statesville, New York. C. -
Headquartered in kewauneescience Corp.
Rossi said Kewaunee is trying to reduce health care costs by implementing programs like P. P. O. (
Preferred provider organization that offers discounts on medical services to employees)
And provide a $1 per week reward for employees who quit smoking or lose weight.
\"With regard to compensation for workers, our company works closely with OSHA to hold monthly staff safety meetings to make the workplace safer and reduce employee accidents in the workplace,\" Rossi said . \".
Manufacturers today focus not only on profits, new markets and competition, but also on a range of other liabilities, including environmental legislation and increasing the cost of compensation for care/workers.
Success in the United States. S.
Participants in the global contract furniture industry must maintain liquidity and respond quickly and effectively to market changes.
\"The good times at the age of 70 and 80 have passed.
\"Most companies will not expand, and if they do, they will have to make sure they have market capacity,\" Geiger said . \".
\"Look at the automotive industry;
Quality-oriented companies will survive.
The same is true of the contract hotel furniture industry.
\"What is contract furniture?
What is the contract furniture?
According to the business and organization of Manufacturers Association. (BIFMA)
There is no clear definition.
\"In terms of contract furniture, there is no industry --
\"The definition of it was approved,\" said biffmamanager Thomas Ryden of research and information . \".
\"I would define it as any furniture product sold on a large scale, but there are a lot of different markets for contract furniture now.
\"Contract furniture can be divided into two categories: office furniture and Institutional .
Institutional can include a wide range of markets such as healthcare, hotels/hotels, food services, and laboratory furniture.
Due to the changing hotel furniture trends and markets today, it is difficult to focus on the products produced by the BIFMA members, and it is also difficult for organizations to provide accurate overall industry data, says Leiden.
When BIFMA was established in 1973, the membership of the organization was a specialized manufacturer of office furniture.
However, the trend in the furniture market has changed the face of the industry, such as the emerging home office furniture market.
Still, according to Leiden, 126 of BIFMA\'s 5% general member companies, such as asHON, Haworth or Herman Miller, have catering to the office furniture market, while the kewaun service body furniture market.
\"We conduct a poll of our regular members to determine their office sales and fill in the missing details by comparing our data with the data published in the USS.
The Census Bureau, \"says Leiden.
JiangSu TaoRong Furniture Co., Ltd. continued to crave a more intense, personalized workout experience.
We are a provider of a various number of services that include . Search our website by custom furniture custom made furniture product line or category to find what you are looking for.
Now that JiangSu TaoRong Furniture Co., Ltd. has become a leader in the space and have been able to scale appropriately, we are ready to expand to other cities.
In the fifth annual survey of the top 25 contract furniture manufacturers of W & WP, the economy is the most concerned issue for respondents.
While President Clinton promised to improve the economy during the campaign, most executives representing the largest economy in the United StatesS.
makers remain skeptical about the rapid turnaround in office and institutional furniture sales.
According to the fifth annual contract furniture manufacturer survey of wood and wood products, 18 of the top 25 company executives who answered the survey questions listed the economy as one of their three major economic pillars.
16 of them have made the economy a top priority.
However, some economic indicators indicate that at 1990-
Fiscal 1992.
A national report that reflects the possibility of a sudden gathering and injecting some new vitality into the dormant contract furniture industry predicts that
Residential Building Construction.
At the same time, many manufacturers are looking for overseas or domestic markets to expand their sales base.
But the recovery in the industry may be slow.
In addition to the \"merger frenzy\" that started in 1986, which is still experiencing some impact --
1989, many contract furniture manufacturers say they are still working on price discounts.
In addition, some executives expressed concern about how the Clinton administration and Congress will deal with environmental regulations and health care reforms.
\"I think 1993 will be a tough year for the painful recovery of the US economy. S.
This will affect the US economy. S.
John Axel, senior vice president of mascatine, Iowa, said: \"contract the furniture industry with the company\'s layoffs and people who have to find new jobsbased HONInd.
\"If conservative Democrats have a chance, they will hit the deficit, which could cut demand in the second half of 95. \"Non-
The dilemma of the furniture industry can be traced back to a large number of office vacancies.
According to Oncor international, a commercial real estate service company, there are 85 million square meters of vacant office space in the country, covering more than 4,400 football fields. In its year-
Oncor reports that 18 major US market data manuals have ended 1992S.
Office vacancy rates in central business district markets including Chicago, Denver, Los Angeles and Dallas exceeded 20%.
Lindy Lyne, communications manager at Oncor international, said: \"The slow economy has led to cuts and layoffs by companies that have evacuated their space . \".
\"These companies are trying to sublet their space, but space is empty because few companies are expanding.
\"Domestic construction
According to data from Dodge/Sweet, residential buildings are expected to grow by 5% in 1993, the first time in 20 years, with institutional buildings surpassing the commercial and industrial sectors, the Macquarie Building Statistics and forecasting information Department-Hill.
Some areas of the country are expected to show some
Improvement of residential buildings including North central (3%)
South Atlantic (9%)
And the South Central region (11%).
However, it is expected that the northeast and western regions of the country will be reduced by 1% and 8% respectively.
Exports rose, imports fell, and high vacancy rates and doldrums in many major commercial markets. S.
Some contract furniture manufacturers are looking overseas to increase market share.
Part of the trend is reflected in the USDA Forest Services report, which shows that at the end of the 1992 quarter, the United StatesS.
Exports of office furniture exceeded $54 million and more than $6.
8 million above 1991. U. S.
Wooden office furniture exports have also grown by $32 over the past four years.
Exports to global markets have proven to be a profitable proposition for many American businesses. S.
Many other furniture manufacturers are also exporting.
\"Contract hotel furniture companies in this country have overcome their fear of sending goods overseas,\" says Axel . \".
\"The American industry is recognizing that its products and people are as good as any other industry in the world.
\"A contract furniture manufacturer that increased exports is Morristown, Tennessee. -based Shelby-Williams.
The company accounted for about 12% of its $0. 14 billion contract furniture sales last year.
Paul Steinfeld of Shelby said: \"The world has become more global and designers are building around the world. Williams\'CEO.
\"In fact, we just received an order to make some hotel furniture for a hotel being built in Nepal.
\"Another area that some top contract furniture manufacturers have been exploring is the US home office market. S.
Home Office Market
Many large service companies, such as insurance, data processing and research, have or are seriously considering work --at-home programs.
This trend may still be in its infancy, but some contract furniture manufacturers are serving the market.
According to a survey of the top 25 W & WP, four respondents currently offer either a family office furniture series ---
Including Kimball and Alma desks-
Or there\'s a plan at 1993--
For example, Gege International, Gexin office furniture, etc.
Four of the top 25 respondents said they recognized the home office furniture market as a growth market, and their response to this trend ranged from \"great potential\" to \"some potential.
\"I think the office furniture industry has huge potential in this new market,\" said Pamela Grove, vice president of marketing at Pittsburgh Haskell.
\"The employer will provide these employees with equipment and furniture to make them more productive at home.
This means that the furniture must meet some of the same functional requirements as the current office.
However, to produce an acceptable product for this market, many other requirements need to be met.
James E. Said: \"providing a successful home office product line will depend on providing quality products at affordable prices.
Barrows, furniture marketing director, GFOffice.
\"The key to Home Office products will be to produce better quality products that enterprises need, but the price is lower than that of traditional office furniture, competing with many KD (knock-down)
\"The catalogue of goods on the market now,\" he said . \".
According to the information from BIFMA, 1992 of the merger, discount is still active, which includes the proposed sales of Westinghouse Electric.
Two companies acquired by HON and Kimball.
But last year was very different from the seven acquisitions that took place in 1988.
Does this mean that the market has stabilized and that the \"M & A boom\" has disappeared for some time?
\"The purchase and purchase did not stop, although they did not continue at the same speed,\" said Russell Coyner, executive director of Bifma . \".
\"There is a stable desire, but if you have a mature industry where there is a price discount and there is no huge difference between the products offered, then the merger will happen ---
Market share strategy.
This trend will continue to widen the gap between large and small furniture manufacturers.
According to Axel, \"people blame discounts for making it easier for some small and medium-sized enterprises to be acquired because they quickly reduce their financial resources.
Manufacturers, large and small, blame each other for their price discounts that paralyze businesses and industries.
Van Jacobson, president of Santa Ana, California, said: \"discounted contract furniture is very similar to what major airlines have done to their industry . \"-
Based on the concept of panel (
Sales: $18 million).
\"The big guy messed up everything with a discounted price and took some of the little guys away.
The contract furniture industry is a victim because big companies have damaged our industry in price wars.
\"It doesn\'t matter if the company that started the price war is big or small, and everyone will be hurt,\" says Axel of HON Ind . \". (
Sales: $0. 608 billion).
\"Discounts consume the company\'s financial resources and you can only do it for a while before your resources run out.
If companies pay attention to price margins when pricing products, then some of the normal pricing may return.
It makes no sense to sell products that are lower than the cost.
\"Many of the top 25 contract furniture executives said that in order to produce high-quality contract furniture, price wars need to be terminated and healthy relationships with competitors, such as repeated excellence training and quality control programs
\"The quality and efficiency of contract furniture, not discounts, will keep businesses away from competition,\" said John Geiger, CEO of Atlanta, Georgia . \". -
Headquartered in Geiger International.
Other areas of concern
The industry issues that survey respondents are most concerned about are excessive environmental legislation in areas such as formaldehyde, wood dust, rainforest and decoration emissions.
About 55% of respondents listed environmental issues as one of the three major concerns for the next year.
The president has not yet made his plans clear, leaving many contract furniture makers guessing what environmental legislation will appear at the annual meeting.
\"Environmental issues are important,\" said Thomas Spangler, vice president of sales and marketing at Ind Huntingburg. -
Administrative furniture.
\"But administrative reform should put these issues in a secondary position.
\"The survey participants ranked third among the three major concerns (50%)
The issue of health care/worker pay is a new issue added to this year\'s survey.
Although President Clinton has promised to address the issue, contract furniture manufacturers have been very concerned about the soaring medical costs for employees.
\"In the last five years, the health care costs per employee have grown at double-digit rates each year,\" said James Rossi, director of human resources at Statesville, New York. C. -
Headquartered in kewauneescience Corp.
Rossi said Kewaunee is trying to reduce health care costs by implementing programs like P. P. O. (
Preferred provider organization that offers discounts on medical services to employees)
And provide a $1 per week reward for employees who quit smoking or lose weight.
\"With regard to compensation for workers, our company works closely with OSHA to hold monthly staff safety meetings to make the workplace safer and reduce employee accidents in the workplace,\" Rossi said . \".
Manufacturers today focus not only on profits, new markets and competition, but also on a range of other liabilities, including environmental legislation and increasing the cost of compensation for care/workers.
Success in the United States. S.
Participants in the global contract furniture industry must maintain liquidity and respond quickly and effectively to market changes.
\"The good times at the age of 70 and 80 have passed.
\"Most companies will not expand, and if they do, they will have to make sure they have market capacity,\" Geiger said . \".
\"Look at the automotive industry;
Quality-oriented companies will survive.
The same is true of the contract hotel furniture industry.
\"What is contract furniture?
What is the contract furniture?
According to the business and organization of Manufacturers Association. (BIFMA)
There is no clear definition.
\"In terms of contract furniture, there is no industry --
\"The definition of it was approved,\" said biffmamanager Thomas Ryden of research and information . \".
\"I would define it as any furniture product sold on a large scale, but there are a lot of different markets for contract furniture now.
\"Contract furniture can be divided into two categories: office furniture and Institutional .
Institutional can include a wide range of markets such as healthcare, hotels/hotels, food services, and laboratory furniture.
Due to the changing hotel furniture trends and markets today, it is difficult to focus on the products produced by the BIFMA members, and it is also difficult for organizations to provide accurate overall industry data, says Leiden.
When BIFMA was established in 1973, the membership of the organization was a specialized manufacturer of office furniture.
However, the trend in the furniture market has changed the face of the industry, such as the emerging home office furniture market.
Still, according to Leiden, 126 of BIFMA\'s 5% general member companies, such as asHON, Haworth or Herman Miller, have catering to the office furniture market, while the kewaun service body furniture market.
\"We conduct a poll of our regular members to determine their office sales and fill in the missing details by comparing our data with the data published in the USS.
The Census Bureau, \"says Leiden.
JiangSu TaoRong Furniture Co., Ltd. continued to crave a more intense, personalized workout experience.
We are a provider of a various number of services that include . Search our website by custom furniture custom made furniture product line or category to find what you are looking for.
Now that JiangSu TaoRong Furniture Co., Ltd. has become a leader in the space and have been able to scale appropriately, we are ready to expand to other cities.
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