What Should The Global Furniture Companies Do in The Uncertain 2021?

After experiencing the economic impact of the global COVID-19 pandemic, the global furniture industry is waiting for a new start in 2021. There are already many articles about the trend of the furniture industry, and the real implementation of the ideas depends on the solid operation of the furniture companies. In 2021, which is also full of uncertainty, what should furniture companies do to achieve sustainable operations, and what capabilities should they prepare for future success? As an authority on China's outstanding high-end custom furniture companies, we, Interi Furniture believes that there are the following keywords.

Keyword 1: Repair the operating problems exposed by furniture companies during the epidemic

After the COVID-19 epidemic, the problems that furniture companies had previously covered up began to be exposed. For example, for companies with long-term cash flow tightness, the COVID-19 epidemic has become "the last straw that crushes camels." For export furniture companies, they have lost many order opportunities due to long-term neglect of overseas e-commerce channels.

​After the COVID-19 epidemic, the problems that furniture companies had previously covered up began to be exposed. For example, for companies with long-term cash flow tightness, the COVID-19 epidemic has become "the last straw that crushes camels." For export furniture companies, they have lost many order opportunities due to long-term neglect of overseas e-commerce channels. ​After all, in today's increasingly frequent "black swans", no one can predict when the next extreme test will come.

Key words 2: Enrich and improve the systematic combat capability of furniture manufacturers

Repairing the economic damage caused by the covid-19 epidemic is the first step, and the second step is to make a comprehensive diagnosis and improvement of all aspects of the furniture company. In the next few years, competition in the furniture industry will only become more intense. It is not just furniture products or sales channels, but the combat capabilities of furniture manufacturers' systems.

For furniture manufacturers, how to continue to improve efficiency and reduce costs in furniture production? How to ensure that the company has sufficient cash flow? How to make the development of furniture products closer to the needs of users? How can furniture manufacturers respond to the market quickly? How can the terminal stores of furniture sales improve their operational capabilities? These issues are not only short-term considerations for furniture companies, but also internal skills that need to be continuously practiced in the medium and long term.

Keyword 3: Seize the long-term core competitiveness of furniture companies

What is the core competitiveness of furniture companies? There may be many answers to this question.High-level talent? As a traditional manufacturing industry, furniture manufacturing does not require high-end talents like the Internet. On the contrary, many high-level talents in the furniture industry may not be able to fully meet the needs. Sales channels? At a certain stage, it will indeed widen the gap between furniture companies and their peers, but the sales channels are never exclusive. land? Operating funds? enterprise brand?

Perhaps these answers have the right side, but in the end, the furniture industry is an industry that realizes the benefits of large-scale production with relatively low labor costs on the basis of low-level productivity. The lack of any link is enough to become a fatal injury for furniture manufacturers. It tests the "system capabilities" of furniture companies.

Where does the system capability of the furniture supplier come from? In fact, it is the organizational ability of the furniture factory. INTERI Furniture believes that the most essential feature of the home furnishing industry is "organization-intensive."

For furniture companies, to build a strong organizational ability for furniture companies, they can be confident when encountering a crisis, have higher coordination and combat effectiveness in the operation process, and can quickly seize opportunities when they encounter opportunities.These are the strongest moats that a furniture company can build for a long time.

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