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Sourcing Strategies by Tom Russell

Tom Russell
Associate Editor

I’m Tom Russell and have worked at Furniture/Today since August 2003. Since then, I have had covered the international side of the business from a logistics and sourcing standpoint. Since then, I also have visited several furniture trade shows and manufacturing plants in Asia, which has helped me gain some perspective about the industry in that part of the world. As I continue covering the import side of the business, I look forward to building on that knowledge base through conversations with industry officials and future overseas plant tours overseas. From time to time, I will file news and other industry perspectives on-line and, as always, welcome your response to these Web postings. (to view or add public comments click on "Add your Comment" below each blog post)

Thursday, August 10, 2006
Philippine-based furniture makers lose ground to Vietnam

A report from Philippine online news source INQ7.net states what has become painfully obvious to many Philippine furniture makers: Vietnam has eclipsed their market share in a relatively short time.


According to the report, Vietnam’s share of the global furniture market rose to 0.78% in 2005, compared to the Philippine’s 0.54% market share. China far eclipses both markets, with 11.9%, the report states. Other countries, such as Malaysia, Indonesia and Thailand also have larger market shares than the Philippines.


Everyone knows that China is the largest Asian producer of household furniture, and the Philippines, Vietnam, Malaysia and others have no chance of eclipsing it anytime soon.


But for the Philippines, the news about Vietnam should be of particular concern. That’s because at one time the Philippines was among the t...Read More

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