docManufacturing in Northeast Mississippi
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Manufacturing in Northeast Mississippi
Manufacturing Summit 2013 Mr. David Rumbarger March 27, 2013 Franklin Furniture Institute Mississippi State University 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 Furniture Manufacturing Northeast MS 10-County Region 40 M ISS ISS IP P IR IV ER A LA BA M A 22 55 45 82 Source: www.bls.gov/cew/ , March 2013 Furniture Manufacturing Employment 10- County Northeast Mississippi 40000 30,625 Mississippi Ten-County 35000 30000 17,897 25000 20000 24,049 15000 10000 13,653 5000 0 1960 1970 1980 1990 2000 2005 Source: www.bls.gov/cew/ , March 2013 2010 2011 Furniture Manufacturing Employment Furniture Employment as a % of Total Manufacturing Employment 2005 % 2011 % Alcorn ND ND ND ND Chickasaw 2,633 82.4% 2,426 81.8% Itawamba Lee 645 5,623 41.6% 38.6% 569 3,407 42.9% 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% A LA BA M A 22 45 Source: www.bls.gov/cew/ , March 2013 Furniture Manufacturing Employment Furniture Employment % Change 2005-2011 2011 % Alcorn ND ND Chickasaw 2,633 2,426 Itawamba Lee 645 5,623 569 3,407 Monroe 1,780 825 Pontotoc 6,151 5,180 Prentiss 453 292 Tippah 2,105 1022 Tishomingo 506 207 Union 1,763 954 ND -8.53% -13.36% -65.04% -115.76% -18.75% -55.14% -105.97% -144.44% -84.80% A LA BA M A 22 2005 45 Source: www.bls.gov/cew/ , March 2013 Furniture Manufacturing Firms 10- County Northeast Mississippi 175 150 211 220 165 110 55 0 2007 2008 2009 2006 2005 2004 2003 1999 2000 2001 2002 2010 2011 Source: www.bls.gov/cew/ , March 2013 Berkline Peoploungers Schnadig Corp. Caye Upholstery Hillcra Brookwood Kensington Furniture Manufacturing 27- County Mississippi Partnership Area 40 M ISS ISS IP P IR IV ER A LA BA M A 22 55 45 82 59 Source: www.bls.gov/cew/ , March 2013 20 Furniture Manufacturing Firms 27- County Mississippi Partnership Area 2001 Total Manufacturing 73.79% 2011 Total Furniture Employment Total Manufacturing 72.81% Total Furniture Employment 14,098 21,865 Furniture Manufacturing 26.21% Furniture Manufacturing 27.19% Furniture Manufacturing Payroll Furniture Manufacturing Payroll $571,521,000 $421,016,000 Source: www.bls.gov/cew/ , March 2013 Chinese Imports of Furniture and Related Products $14.78 B In Billions $US $15.00 $12.50 $10.00 $7.50 $5.00 $2.50 $0 1995 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: http://www.census.gov/foreign-trade/statistics/product/enduse/imports/c5700.html , March 2013 Lee County Mississippi Manufacturing Employment 7000 6000 5000 4000 3000 2000 1000 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1997 479 Food 1,508 Apparel 5,532 Furniture & Fixtures 2,726 Rubber & Misc Machine, Industry and Commercial 2,460 Total Employment 1998 244 1,540 5,726 2,873 2,438 1999 479 1,056 6,738 2,886 2,282 2000 457 967 6,778 2,764 2,632 2001 384 724 6,539 2,758 2,309 2002 395 345 6,888 2,772 2,100 2003 375 244 6,322 2,889 1,760 2004 357 218 5,950 2,958 1,422 2005 5,623 3,031 1,405 2006 321 5,345 2,806 1,350 2007 316 4,720 2,634 1,330 2008 321 4,368 2,342 1,361 2009 332 3,455 2,097 1,274 2010 3,445 2,141 1,600 2011 301 3,407 2,264 1,216 14,702 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 10,000 Source: www.bls.gov/cew/ , March 2013 Key Factors Innovation in Advanced Manufacturing Modular Furniture / Motorized Furniture Workforce Development Lean Process Vertical Integration Foreign Trade Zone / New Partnerships
