– The Institute for Supply Management reported a slowdown in the US manufacturing sector in April, immediately after a significant upturn in March.
– Furniture manufacturing was one of the industries most affected by the decline.
– This decline is happening due to supply chain disruptions and labor shortages, worsened by the COVID-19 pandemic.
– Economic experts cite a lack of raw materials like lumber, steel and semiconductors as a significant problem.
– The report also notes a steady increase in prices, with April marking the 11th consecutive month of price increases.
– Despite these issues, the report also highlights a rise in new orders, an indication of future production growth.

A Rocky Ride for U.S. Manufacturing

After a Beacon of Hope in March, April Brings Decline

There’s no sugar-coating it – the manufacturing sector in the US did a jazzy dip-and-twirl, turning our March celebration into April consternation. April turned out grumpy after a sunshiny March, and the furniture manufacturing industry bore the brunt.

Supply Chain Disruptions and Labor Shortages Cripple Production

‘Pandemic Problems’ – that sounds like a cool band name, but it’s also real life, folks. Production-wise, we’re stumble-bumbling away due to a lack of raw materials. Lumber, steel, semiconductors – you name it, they’re running out.

Price Hikes: The Unwanted Guest that Won’t Leave

There’s that one party guest that overstays their welcome. In this case, it’s price hikes, lounging around, testing our hospitality for 11th month running.

New Orders: A Silver Lining?

Call me Pollyanna, but the good news is that there still seems to be a demand for manufacturing goods. There has been an increase in new orders, painting a hopeful picture for future production.

Ending on a cheery note, let’s cross our fingers and hope that better days are coming and our beloved furniture manufacturing industry will hitch up its pants and trot merrily along the road to recovery. Spring may have brought a swing and a miss, but there’s always room for an upward swing in summer!

originial article https://www.furnituretoday.com/?p=316582

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