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FDMC 300 companies respond to change in markets

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Photo By Millwork USA
There were plenty of challenges for the FDMC 300 group of companies in 2020. The ongoing pandemic, mandated plant closures, job losses and shuttered retail stores all contributed to a sense of uncertainty.
But there were relatively few changes in the makeup of this group of 300 companies. There were some major consolidations that were completed in the past year, but our editors identified only three companies that closed in that time.
In 2020, sales for the FDMC 300 group of companies reached $57.883 billion, actually a slight gain of 1.25 percent over the previous year.
It was not a good year for store fixture and retail display manufacturers as many retail stores closed for weeks or months during the pandemic. Some have closed permanently. Makers of residential furniture also suffered as retail furniture stores were shuttered, but many reported a strong rebound in sales in the second half of the year. Manufacturers in other markets ....

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Mixed results for FDMC 300 in pandemic year

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Kimball International s Santa Claus, Indiana facility uses Industry 4.0 strategies including software that provides real time intelligence for tracking parts, machine performance, and overall production status of orders.
It took an international pandemic, the worst in a century, to slow down the FDMC 300 group of companies.
We used to ask companies what their greatest challenge was. “Pandemic” was never among the challenges.
Twenty years ago the greatest challenge was Chinese competition. One respondent at that time indicated their greatest challenge simply as: “China.” At least that challenge could be seen coming.
This group of cabinet, millwork, furniture and store fixture manufacturers recorded a ninth consecutive year of sales expansion in 2020, the year just completed. ....

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