SOI Forms: A Passing Grade
"As we are celebrating our 44th year in the industry, our company has experienced the transition of the industry from a growth cycle to a maturity cycle as well as numerous economic cycles. I would say the last two years have presented the most challenging times that we have ever experienced," he noted. "The two-edged sword of the harsh economic downturn coupled with the continued technological erosion of core products has had a severe impact on those who have not pursued a course of diversification. This generally creates a survival mentality, which also leads to extreme price concessions. Those who have pursued the diversification strategy generally have a stronger foundation of product lines [that] have maintained a semblance of profitability."