Dan Tuohy Interview on State of the Industry
Better balance sheets, better sales. That’s what the trade association for business and institutional furniture manufacturers is experiencing.
The industry is “reasonably healthy,” said Dan Tuohy, past president of the Business & Institutional Furniture Manufacturers Association and chief executive officer of Tuohy Furniture in Chatfield, Minn.
“We are experiencing our sixth to seventh year of modest recovery following the 2008-2009 [downturn] and companies continue to grow.”
BIFMA, the voice of the commercial furniture industry, forecasts lower single-digit growth in 2016 and slight improvement next year.
–Excerpted from surfaceandpanel.com.