Second-largest market share Efficient manufacturer Volatile industry North American sales concentration The ratings for Herman Miller Inc. reflect the company's strong position in the U.S. office furniture industry, its track record of innovation, its efficient manufacturing structure, and its moderate financial policy. These strengths are offset by the highly competitive and volatile nature of the office furniture industry and the company's geographic concentration in North America. Zeeland, Mich.-based Herman Miller is a leading manufacturer and marketer of office furniture, including workstations, chairs, filing cabinets, tables, and desks. Through its design innovations in workstations and other furniture, the company has been successful in defending its No. 2 market position in this competitive industry. Herman Miller's cost structure is somewhat more flexible
