Label industry Metamorphosis
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Another challenge comes from the loss of business to overseas competition, and it won't come from just being out bid. Both Hare and Hulton observe the migration of larger companies' (customers) manufacturing operations to overseas locations.
York Label, for example, currently ships products to many overseas manufacturing sites for its customers. Hare believes it's just a matter of time before these locations develop a local source of supply, and he is already making plans for replacement business.
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