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Innovate Or Evaporate . . . Business Concept Innovation In The Furniture Industry In The Age Of Information, Steven H. Bullard

Faculty Publications

Introduction The U.S. furniture industry has changed dramatically in recent years. Furniture manufacturers, for example, have recently faced competition from foreign producers that has been particularly intense – resulting in factory closings and job losses in many areas of the country, including the Mid-South. In Mississippi, for example, the number of employees in furniture and fixtures industries dropped by 2,100 (6.8%) in the year 2000 (Center for Policy Research and Planning 2001). Similar job losses have been occurring in Tennessee, Virginia, North Carolina and other important furniture-producing states. Nationwide, employment in furniture and fixtures manufacturing dropped by 40,000 (7.2%) from …