The office furniture industry is bracing for a period of significant change beyond the myriad new products the companies unveiled last month at the NeoCon expo in Chicago.
Crain’s Detroit Business reports that as the new product cadence accelerates to accommodate all the new innovations the industry has developed, companies are scrambling to retool their factories. Luckily, their operational performance has mostly improved with the overall economy, and they are able to find the financing they need for equipment or additional facilities. Given their better positions, more companies also have started hunting for strategic acquisitions.
Written By Joe Boomgaard
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