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%
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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