BLACKSBURG, VA – An Internet survey by the Center for Forest Products Marketing & Management at Virginia Tech found that 92% of wood products executives responding have been affected by globalization.

The accompanying chart shows leading aspects of globalization that have led respondents firms to change their business behavior.

 

Reason for Change                            Cited by Respondents

Loss of domestic manufacturing                         41%

Increase in U.S. imports                                     36%

Foreign competition                                            28%

Slow growth of domestic markets                        22%

Other                                                                 16%

Better technology                                                 12%

The full report, authored by grad student Brian Perkins and Dr. Robert Smith is available on www.iswonline.com under Web exclusives.

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