The UK furniture manufacturing sector has a future despite pressure from imports and challenging economic conditions, according to the Furniture Industry Research Association (FIRA).
FIRA was upbeat about industry prospects in advance of the publication of its eagerly anticipated competitiveness report, last published in 2002. The report’s launch on February 11, RSA House in London, will be attended by chief executives and senior managers from across the furniture supply chain.
FIRA expects the report’s findings to be a talking point in the industry, with a view to generating ideas that will ensure the long-term successes of their businesses in the sector.
It said UK furniture manufacturing had become increasingly challenging, with output value declining, profit margins squeezed and imports accounting for almost half of the market.
“To add to the industry’s pressures 2009 figures are expected to confirm that production has continued to fall and it will be at least 12 months before consumer confidence returns and government purse strings are loosened,” FIRA said.
But FIRA said the sector still contributed £9bn per year to the UK’s GDP and employed almost 100,000 people.
“Product quality and service have improved and, more than at any time over the last 10 years, retailers and specifiers appear to be more disposed to buying British,” it added.
To receive a priority invitation to the report launch, contact FIRA customer services on 01438 777700.
