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The UK hardwood industry and Global Furniture Corporation
Finance & Accounting
Pages 10 (2510 words)
International finance: Case study analysis report Table of Contents Table of Contents 2 Introduction: The UK hardwood industry and Global Furniture Corporation 3 Answer 1 3 Answer 2 4 Answer 3 6 Answer 4 8 Conclusion 9 References 10 Introduction: The UK hardwood industry and Global Furniture Corporation The United Kingdom (UK) is one of the major importers of tropical hardwood (Forestry Commission, 2007).
In the year 2010, the companies in UK had imported 5.7 million cubic meters of sawnwood and had produced only 3.1 million cubic meters of sawnwood (Forestry Commission, 2011). Global Furniture Corporation (GFC) which is a 200 year old company is situated in UK and still remains one of the leading hardwood processing companies of the country. The longevity of the company determines the company’s efficiency and effective resource utilization capacity. There were various contributing factors to the success of the company which are loyalty of the employees, high quality products, efficient supply chain and management. GFC has been able to adapt to the changing marketing trends and technological developments. The flexibility of the company to adapt to the internal and external changes is one of the key reasons for the success of the company. The company imports hardwood from South American and Asian countries and processes the hardwood into finished products like Hardwood flooring, panelling and decorative strip wood. GFC also owns a subsidiary company known as Real Furniture Company (RFC) which processes imported hardwood into readymade furniture meant for domestic purposes. ...
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