Franklin Furniture Institute Mississippi State University Mr. David Rumbarger March 27, 2013 Manufacturing Summit 2013
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Franklin Furniture InstituteMississippi State University
Mr. David RumbargerMarch 27, 2013
Manufacturing Summit 2013
Manufacturing in Northeast Mississippi
Agri-Business/Dairy
Apparel
Furniture
What’s Next?
Manufacturing- CDF Ten Year Plan
CDF has planned its economic development future since the original “Tupelo Plan” in 1952. Our process has proven ambitious, and is ultimately attainable as the CDF Board of Directors, supported by the professional staff, working in conjunction with our local municipalities, to support each of the following strategies for success.
Goal One: Strengthen Existing Assets
Goal Two: Diversify with Advanced Technologies
Goal ree: Attract, Retain, and Develop Talent
Source: www.bls.gov/cew/ , March 2013
Furniture Manufacturing Northeast MS 10-County Region
ALA
BAM
A
MIS
SIS
SIP
PI RIV
ER
40
55
22
45
82
Furniture Manufacturing Employment
0
5000
10000
15000
20000
25000
30000
35000
40000
1960 1970 1980 1990 2000 2005 2010 2011
MississippiTen-County
10- County Northeast Mississippi
Source: www.bls.gov/cew/ , March 2013
17,897
13,653
30,625
24,049
Source: www.bls.gov/cew/ , March 2013
Furniture Manufacturing Employment
ALA
BAM
A
22
45
2005 % 2011 %Alcorn ND ND ND ND
Chickasaw 2,633 82.4% 2,426 81.8%Itawamba 645 41.6% 569 42.9%
Lee 5,623 38.6% 3,407 34.1%Monroe 1,780 45.9% 825 35.1%Pontotoc 6,151 86.3% 5,180 86.0%Prentiss 453 16.2% 292 16.9%Tippah 2,105 72.0% 1022 60.5%
Tishomingo 506 23.9% 207 12.9%Union 1,763 63.1% 954 33.2%
Furniture Employment as a % of Total Manufacturing Employment
Source: www.bls.gov/cew/ , March 2013
Furniture Manufacturing Employment
2005 2011 %Alcorn ND ND ND
Chickasaw 2,633 2,426 -8.53%Itawamba 645 569 -13.36%
Lee 5,623 3,407 -65.04%Monroe 1,780 825 -115.76%Pontotoc 6,151 5,180 -18.75%Prentiss 453 292 -55.14%Tippah 2,105 1022 -105.97%
Tishomingo 506 207 -144.44%Union 1,763 954 -84.80%
ALA
BAM
A
22
45
Furniture Employment % Change 2005-2011
0
55
110
165
220
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20102011
Source: www.bls.gov/cew/ , March 2013
Furniture Manufacturing Firms
150211175
10- County Northeast Mississippi
BerklinePeoploungers
Schnadig Corp.Caye Upholstery
HillcraBrookwoodKensington
Source: www.bls.gov/cew/ , March 2013
Furniture Manufacturing 27- County Mississippi Partnership Area
ALA
BAM
A
MIS
SIS
SIP
PI RIV
ER
40
55
22
45
82
2059
Source: www.bls.gov/cew/ , March 2013
Furniture Manufacturing Firms
27- County Mississippi Partnership Area2001 2011
Furniture Manufacturing Payroll
$571,521,000Furniture Manufacturing Payroll
$421,016,000
Furniture Manufacturing26.21%
Total Manufacturing73.79%
Furniture Manufacturing27.19%
Total Manufacturing72.81%Total Furniture
Employment21,865
Total Furniture Employment
14,098
Source: http://www.census.gov/foreign-trade/statistics/product/enduse/imports/c5700.html , March 2013
Chinese Imports of Furniture and Related Products
$0
$2.50
$5.00
$7.50
$10.00
$12.50
$15.00
1995 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
In Billions $US
$14.78 B
Source: www.bls.gov/cew/ , March 2013
Lee County Mississippi Manufacturing Employment
01000200030004000500060007000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
FoodApparelFurniture & FixturesRubber & MiscMachine, Industry and Commercial
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011479 244 479 457 384 395 375 357 - 321 316 321 332 - 301
1,508 1,540 1,056 967 724 345 244 218 - - - - - - -5,532 5,726 6,738 6,778 6,539 6,888 6,322 5,950 5,623 5,345 4,720 4,368 3,455 3,445 3,4072,726 2,873 2,886 2,764 2,758 2,772 2,889 2,958 3,031 2,806 2,634 2,342 2,097 2,141 2,2642,460 2,438 2,282 2,632 2,309 2,100 1,760 1,422 1,405 1,350 1,330 1,361 1,274 1,600 1,21614,702 14,819 15,440 15,328 17,402 16,895 15,702 15,142 14,555 13,565 12,614 11,755 9,899 9,970 10,000Total Employment
Key Factors
Innovation in Advanced Manufacturing
Modular Furniture / Motorized Furniture
Workforce Development
Lean Process
Vertical Integration
Foreign Trade Zone / New Partnerships
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