Global Flooring Alliance (GFA), which recently held a meeting via Zoom conference, reported mixed developments. On the one hand, members report positive sales in the flooring trade, but the continuously rising costs of transport and raw materials worried the members.
The danger of stagnation is just around the corner, the group reports in a statement. Since the resurgence of trade after the corona crisis many companies have been facing supply problems. This leads to manufacturing issues,
late deliveries to customers and price adjustments. The demand from construction, projects and consumers is high and increasing. As long as
customers are willing to pay more, and compensate for the higher prices of freight and raw materials, the underlying problems will remain limited. But add the recent problems with delivery times and it is clear that eventually this will put pressure on margins and can turn the
positive results so far into a downward spiral.