through 36 completed years,” Phibbs said.
CHALLENGES OF THE
INDUSTRY
“It’s not like it’s been 36 years of clear sail-
ing,” Phibbs said.
The 1980s, a time following the inception
of the company, was a highly profitable pe-
riod but due to the circular nature of the
economy, the early and mid-1990s brought
with them a calamitous recession period.
“But we were able to rebound and come
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