1. And many industries, particularly the auto makers, suffer from excess production capacity. 2. And with growing excess production capacity in Southeast Asia as well, more signs point to deflation than to inflation. 3. After years of excess production, OPEC insisted it means business this time. 4. But unlike the first round, which was intended to cut excess production, this cut heralds an effort to ship production overseas. 5. Continued excess production by the Organization of Petroleum Exporting Countries, plus rising output from non-OPEC countries is expected to undermine oil prices in the summer months. 6. Even some industries that have been shrinking in recent years find themselves with excess production capacity. 7. Excess production is another problem. 8. Excess production capacity inhibits the steel industry and paper and pulp companies, which have shut down older mills. 9. Excess production of many plastics and chemicals are compounding the problem. 10. In an interview last month, Richard Donnelly, president of GM Europe, said the intense competition stemming from excess production capacity makes manufacturing efficiency important. |