Daily News / Global Trends / Market Analysis / Statistics / Wood flooring / Wood Products / Global / North America
September 20, 2022
US hardwood flooring tackles supply chain issues and labor shortages
Last year, the U.S. hardwood industry posted its first year of revenue gains since 2016, buoyed by elevated housing and remodel markets. Gains were driven by a narrower delta versus SPC at the low end that boosted engineered wood revenues, price increases averaging 16% that inflated solid hardwood revenues, product enhancements that drew attention to the category, and, as a hedge against further supply chain constraints, investments (where possible) in inventory, some of which is yet to be sold downstream. Navigating adversities “The biggest issue last year was finding enough people ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!