Concluding thoughts – globalization means tougher competition – be more alert to trends

Globalization factors forcing U.S. to “rethink competitive strategies” – “move up food chain” - add value somewhere in supply chain – personalized products at commodity prices; after sales services; installation; find new markets!!
Center of Economic activity moving to Asia – China can be an opportunity if you are competitive
Skilled workforce becoming critical to remain competitive, but chronic labor shortages is a fact of life
Get closer to key customers – focus on customer needs and not “selling what you produce”
Produce what the customer ( domestic and export) will pay for!!!!!!!!!!
What if the U.S. starts losing a share of the housing market to offshore manufacturers of modular or panelized housing? Similar to the furniture story? We have to wake up to the “new and tougher playing field”

Globalization factors forcing U.S. to “rethink competitive strategies” – “move up food chain” - add value somewhere in supply chain – personalized products at commodity prices; after sales services; installation; find new markets!!