Force Sign Going To Thailand. Economic pressure in the United States the root of the Problem
Forcesign.com is opening an office in northern Thailand
Raleigh NC/ July 11, 2008 "(PressReleasePoint)".
Forcesign.com headquarters in Youngsville NC USA has announced plant opening in northern Thailand. Robert Force Vice President of Forcesign.com has said that due to increased energy prices and economic inflation that a change had to be made. Mr. Force is quoted as saying “Due to the energy upswing in prices and increased import pressures from China and India in the Print industry it only makes sense to look outside the box" Force Sign is only a year old but has already been forced to look overseas to Asia to stay in step with competing companies there.
Many industries in the United States have been hurt not only by energy prices but also the weakening of the U.S dollar and creeping inflation. Although the print industry forecasts an increase in overall profits from advertising and trade show industries. The fear among print industry analysts is that the US inflation rate will eat away any profits that were forecasted.
China and India are becoming main players in a bid to take market share from United States commercial printing companies. Large format printing, off press printing as well as magazine and brochure printing are all main targets for the Chinese and India companies. Even with shipping prices rising it's still cheaper to hire work force and buy materials in these emerging aforementioned countries.
ForceSign.com therefore has decided it was already time to switch gears and establish itself in the Asian market place. Though a company spokes is quoted as saying that Force Sign does not plan to compete locally in the Thai market all of its products will be shipped to the United States.
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