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Forward Industries Inc   (FORD)
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Forward Industries Inc 's

Competitiveness


 

FORD Sales vs. its Competitors Q2 2020



Comparing the results to its competitors, Forward Industries Inc reported Total Revenue decrease in the 2 quarter 2020 year on year by -3.64 %, faster than overall decrease of Forward Industries Inc 's competitors by -12.17 %, recorded in the same quarter.

List of FORD Competitors





Revenue Growth Comparisons




Net Income Comparison


Forward Industries Inc recorded net loss , despite income increase by most of its competitors of 13.78 %

<<  More on FORD Income Comparisons


Forward Industries Inc 's Comment on Competitors and Industry Peers


The business in which we engage is highly competitive in terms of product pricing, design, delivery terms, and customer service. In the production of our OEM products, we compete with numerous United States and foreign producers and distributors. Some of our competitors are substantially larger than we are and have greater financial and other resources. We believe that we sustain our competitive position through maintenance of an effective product design capability, rapid response time to customer requests for proposals and product shipment, reliable product delivery and product quality, and competitive pricing. We believe that our ability to compete based on product quality assurance considerations is enhanced by Forward China’s local presence and their quality control and shipment capabilities.



*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


FORD's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Forward Industries Inc FORD 13 35 -4 11
3m Company MMM 92,643 31,353 5,139 89,800
SUBTOTAL 92,657 31,388 5,135 89,811


       
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