INDUSTRY OUTLOOK EXTENDED 2022 - Hardwood Floors Magazine
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OCT/NOV 2021
2022
INDUSTRY
OUTLOOK
EXTENDED
HFM_OctNov21_final_extended_content.indd 1 9/24/2021 4:07:13 PM
2022
Industry
Outlook By Shannon Gayton
and Lauren White
CAUTIOUSLY
PREPARING
FOR GROWTH,
EXPANSION IN 2022
The wood flooring industry is optimistic for
2022, with 55 percent of respondents in
our annual NWFA Industry Outlook survey
expecting sales to be up somewhat (3-7
percent) next year, and about a fifth expecting
sales to be up significantly (8+ percent).
About the same number expect to end 2021
on a strong note, with three-quarters of
respondents expecting an increase in sales.
While many members are cautiously
optimistic about future business, uncertainty
remains thanks to the ups and downs of the
past 18 months.
Home sales and remodeling projects have
skyrocketed as people continue to invest in
more comfortable living and workspaces, but
PHOTOS COURTESY OF NWFA
many members wonder how long that surge
will last. Labor shortages and supply chain
challenges are shading their optimism.
HFM_OctNov21_final_extended_content.indd 2 9/24/2021 4:07:18 PM
The COVID-19 pandemic has disrupted the supply
chain, leading to longer lead times and higher prices
2022 EXPECTED SALES GROWTH
for many NWFA survey respondents. One member
said, “Prices have skyrocketed on flooring, and we Up Significantly (8%+) 22%
are put in a situation where we have to bid a job
without even knowing the final costs of material. It Up Somewhat (3 to 7%) 55%
is a challenge to explain this to customers.”
About the Same (-2 to +2%) 20%
“Now that everything is back open, we are having
a tremendously difficult time sourcing product,”
Down Somewhat (-3 to -7%) 2%
said Craig Dupra, president at Installers Warehouse
and chairman of the board for NWFA. “We only
Significantly Down (-8%+) 1%
pick a limited number of vendors and put an
enormous amount of resources into developing
10%
20%
30%
40%
50%
60%
70%
80%
90%
that market. When the supply chain started to
choke off, we didn’t have a large cadre of people to
look to for product.” One manufacturer shared its plans for operational improvements later
this year. In addition to rebuilding an older defect cutoff machine,
Further adding to uncertainty, the National the company invested in automated equipment that will allow it to
Association of Home Builders recently reported eliminate manual requirements and reduce the personnel needed to
that higher building costs, long lead times, as well bundle flooring to just one employee instead of three.
as declining labor, material, and lots are having
an impact on the housing industry, resulting in a Enhanced social media marketing initiatives played a role in one
6.6 percent reduction in new single-family home company’s success throughout the pandemic. “We’ve started to do
purchases, the lowest since April 2020. more social media marketing, and it has been impactful to our sales,”
said Theresa Ridinger, customer relations manager at LW Flooring.
The uncertainty that started with the COVID-19 “With retailers, a sales rep has to visit them repeatedly, and it doesn’t
pandemic incentivized many NWFA members to always lead to them agreeing to take our product into the showroom.
change how they do business. Respondents to the But social media posts make them interested in our product, and
NWFA annual survey reported plans to prioritize they reach out to us. It’s an additional touchpoint to help in the
the following initiatives in the second half of 2021 sales process.”
and into 2022:
• Invest in or leverage existing technology
for growth
Further adding to uncertainty, the National
• Improve processes to become more efficient Association of Home Builders recently reported
• Add new locations/expand geographically that higher building costs, long lead times,
• Add new product categories, lines, or services as well as
• Add new team members declining labor,
material, and
Some NWFA members looked toward automation
and technology to streamline operations. One
lots are having
distributor is in the testing phase of a technology an impact on the
that would allow their retailers to transmit purchase housing industry,
orders automatically from their system to resulting in a 6.6
the distributor, reducing human errors, and percent reduction
eliminating a time-consuming step in the process. in new single-
Other plans include: family home
• Improving operational infrastructure purchases, the
lowest since
• Updating computer systems
April 2020.
• Tracking inventory management
HFM_OctNov21_final_extended_content.indd 3 9/24/2021 4:07:22 PM
2022
Industry Outlook
EXPECTED DEMAND BY COLOR IN 2022
BUSINESS AS
USUAL? COVID-19 Gray Stains Cerused
TRIGGERED LONG-TERM 5%
OPERATIONAL CHANGES 8% 4%
6%
FOR SOME 16%
The COVID-19 pandemic changed 71% 19%
the way many NWFA members
operated their business during the past 71%
18 months. More than 50 percent of
respondents reported increased health
Dark Stains Natural Wood Colors
and sanitation measures to mitigate the
impacts of the pandemic, and another 4% 1%
36 percent implemented remote-work 15%
options. As a result of COVID-19, 7% 25%
some NWFA members reported other 74% 70%
operational changes, including: 4%
• Canceling or decreasing work travel
• Adding drive-thru supply pickups
• Staggering shifts White Stains
• Implementing virtual customer 9%
appointments 12%
• Enacting layoffs
69% 10%
While many respondents plan to
continue pandemic-related mitigation
strategies into 2022, only 12 percent
anticipate the need to cancel or decrease
work travel.
More Demand Less Demand Same Demand Don't Know/Didn’t Sell
HAVE YOU HAD
PROBLEMS FINDING
ADEQUATE SKILLED
LABOR SO FAR
THIS YEAR? MEMBERS SEEK RELIEF FROM LABOR SHORTAGE
For many respondents, finding employees Some members speculate
for positions such as warehouse, shipping, that government
production, general labor, and skilled labor like stimulus programs and
installation proved challenging amid the ongoing unemployment assistance
50% 50% pandemic. Of those surveyed, half of NWFA are affecting the current
members reported difficulty finding adequate labor pool negatively.
No Yes
skilled labor in 2021. One respondent said of Other reasons include:
hiring challenges, “There are no responses to
advertised open positions. It seems that there is • Trade work is not the
no interest in joining the trades by those entering desired work sought
or re-entering the workforce.” by job seekers.
HFM_OctNov21_final_extended_content.indd 4 9/24/2021 4:07:22 PM
• Drivers and warehouse
personnel are in high IN WHAT WAYS HAS THE COVID-19 PANDEMIC
demand, and the cost of CHANGED HOW YOU OPERATE YOUR BUSINESS?
retaining these employees
is rising. Layoffs 17%
• Candidates are looking
for different working Virtual customer appointments 18%
arrangements (permanent
remote work, etc.).
Staggering shifts 21%
• Wage rates for entry-level
jobs are being pushed up.
Drive-thru supply pickups 26%
“In my opinion, the labor
market will not stabilize. There’s
a generation of people retiring Canceled or decreased work travel 27%
from cutting trees, skidding
logs, and driving trucks,” said 36%
Working remotely
Kent Barnes, co-owner of
Hardwood Floors of Hillsboro.
Increased health and
“Demand is at a record high, sanitation measures 50%
prices are following that trend,
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
and the labor situation is what’s
driving it. There needs to be a
new generation of people to do
that work.”
A recent article published in
Industrial Distribution discussed
other potential factors cited
by large public distributors as WHICH OF THESE CHANGES TO YOUR BUSINESS
the global economy rebounds
from 2020 shutdowns. Lack of
DO YOU EXPECT TO CONTINUE IN 2022?
childcare, school closures, and
Layoffs 12%
degrees of societal openness or
closures have led to significant
gender disparities. “Our female Virtual customer appointments 12%
applications are down about a
third from what we’ve seen in Staggering shifts 23%
recent years,” said Dan Florness,
chief executive officer of
Fastenal. “And we’ve seen worse Drive-thru supply pickups 24%
than historical patterns as far
as turnover in an environment Canceled or decreased work travel 12%
where society is shut down, and
a lot of schools and daycares
closed. We’ve seen a dramatic Working remotely 30%
impact. And that has fallen
largely on the female portion of Increased health and
sanitation measures 50%
our employee base and potential
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
employee base.”
HFM_OctNov21_final_extended_content.indd 5 9/24/2021 4:07:23 PM
2022
Industry Outlook
“There are no responses to advertised open positions. It seems that there is no interest in
joining the trades by those entering or re-entering the workforce.”
– One respondent said of hiring challenges
NWFA members have worked to overcome hiring challenges LONGER, WIDER BOARDS
through recruitment strategies such as: IN NATURAL COLORS
• Staffing agencies CONTINUE TO TREND
• Word-of-mouth Trends for wood flooring products are expected to remain
largely the same in 2022, including categories such as wire-
• Job boards brushed, reclaimed flooring, unfinished, solid, engineered,
• Attendance bonuses and factory-finished. Demand for gray stains, dark stains,
• Higher wages and hand-scraped textures are expected to decrease, while
natural wood colors, wide plank, and engineered flooring are
• Flexible hours expected to increase. Reasons for the shift include:
• Referral bonus programs
• “Trends are moving toward traditional ‘real’ looking
One NWFA member has turned to existing staff members floors. Grays and reactive colors can look too much
to find new candidates. “I’ve been recruiting in this industry like vinyl now.”
for 10 years, and the hiring challenge has always been there,
but it’s certainly more prevalent now,” said Ridinger. “We’re • “People are wanting longer, wider boards in more natural,
offering existing employees referral bonuses. We know our lighter colors.”
existing staff are the best people to understand what it takes • “Lights and naturals are the trends. The widths will
to do the job. They’re more likely to know people who would continue to go wider, and engineered is the way to go.”
do a good job.” The majority of respondents expect demand for certain
Another member said they’ve adapted their hiring species of wood flooring products to remain the same in 2022
strategies to cast a broader net. “In some cases, we are compared to 2021. Nearly 32 percent of respondents forecast
hiring bright, young talent and investing in training. increased demand for white oak and around 15 percent
Historically, our focus has been on employees with expect increased demand for red oak. Almost 20 percent of
technical and industry knowledge.” respondents expect the demand for bamboo to decrease based
on current trends.
For some respondents, not being able to find the right
candidates for the job has led to increased turnover. Lenny One respondent said, “Currently we are seeing demand spike
Hall, president at Endurance Floor Company, said to combat for white oak, followed by red oak, and reclaimed flooring has
high turnover from new hires in his contracting business, he been unexpectedly requested in a larger share of estimates.”
is candid about the demands and responsibilities of the job. One member believes
“Decide on a pay rate, but let them know there will be a consumers have become
default for two to three days in the field to prove they have domestically oriented
the skills they say they do. Have an employee manual that since COVID-19
lays out these expectations clearly.” and feel
©
CK
TO
GS
BI
HFM_OctNov21_final_extended_content.indd 6 9/24/2021 4:07:26 PM
differently about imported products. REAL WOOD REBOUNDS,
Another respondent looks to availability LOOK-ALIKE THREAT SUBSIDES
constraints as a main driver for the shift:
“The freight issues that currently are In previous years, luxury vinyl tile (LVT), wood plastic
being experienced by manufacturers composite (WPC), and laminate have been considered the
shipping from the Far East likely will biggest long-term threat to real-wood products. In the 2020
continue through the first half of 2022. Industry Outlook, 57 percent of respondents reported wood-
Customers based in the U.S. will be look products having a negative impact on real-wood sales.
looking inside their own borders for Big projects like high-rise developments, hotels, condos, and
more product sources, as well as available commercial buildings looking for lower material pricing and
supply from South America and Canada.” lower-maintenance flooring options were cited as reasons for
the impact. When asked what products were considered to be
Another member said, “Customers want the biggest threat to real wood products going forward, almost
material that will perform and be trouble- 53 percent reported laminate to be their biggest threat, with an
free and easy-to-maintain, less exotics.” additional 32 percent citing LVT.
More Demand Less Demand Same Demand Don't Know/Didn’t Sell
EXPECTED DEMAND BY TYPE IN 2022
80%
70%
60%
50%
40%
30%
20%
10%
0%
Wire-Brushed
Flooring
Engineered
Factory-
Finished
Engineered
Composite
Long Boards
Reclaimed
Flooring
Solid
Unfinished
Wide Plank
Hand-Scraped
HFM_OctNov21_final_extended_content.indd 7 9/24/2021 4:07:27 PM
2022
Industry Outlook
EXPECTED DEMAND BY SPECIES IN 2022
Bamboo
Beech
Birch, Red/Yellow
Cherry, Black
Cork
Cypress, Australian
Douglas Fir
Hickory/Pecan
Ipe
Jarrah
Jatoba
Mahogany, Santos
Maple, Sugar/Hard
0% 10% 20% 30% 40% 50% 60% 70% 80%
More Demand Less Demand Same Demand Don't Know/Didn’t Sell
HFM_OctNov21_final_extended_content.indd 8 9/24/2021 4:07:27 PM
EXPECTED DEMAND BY SPECIES IN 2022
Merbau
Mesquite
Oak, Red
Oak, White
Padauk
Pine, Antique Heart
Pine, Southern
Yellow
Sapele
Teak
Walnut, American
Black
Wenge
Other domestic
Other imported
0% 10% 20% 30% 40% 50% 60% 70% 80%
More Demand Less Demand Same Demand Don't Know/Didn’t Sell
HFM_OctNov21_final_extended_content.indd 9 9/24/2021 4:07:28 PM
2022
Industry Outlook
WHICH PRODUCT DO YOU SEE AS THE BIGGEST
LONG-TERM THREAT TO REAL WOOD PRODUCTS?
Laminate
LVT
32%
Other
54%
9% Tile
4%
Carpet
1%
WPC
0%
ARE YOU EXPERIENCING • “Most people want real wood. Consumers are realizing
plastic flooring is awful for the environment and doesn’t
UNUSUALLY EXTENDED last nearly as long.”
LEAD TIMES AND
• “We have ever-increasing demand for real wood, while
UNPREDICTABLE the LVT market is for low-end homes that will be back in
SUPPLY FOR ANY five years wanting real wood.”
PRODUCT? For some respondents, wood-look products remain a threat,
41% however: “Some homeowners are drawn to wood-look
Yes 59% products that are waterproof, especially if they have small
children or pets.”
No
When asked if “waterproof” wood-flooring products
were having an impact on business, only 11 percent of
respondents answered “Yes.” One member said, “I believe
we will continue to be impacted to some degree as a result of
how these products are marketed. However, we are seeing a
large number of our customers that have returned to wood
as a result of real-life performance issues related to these
This year’s results, however, indicate a shift in customer alternate options.”
demand from previous years. Just under 15 percent of NWFA
members surveyed reported experiencing a negative effect One manufacturer noted, “We have not seen a large
on real-wood product sales as a result of competition from movement toward that technology, and we continue to work
wood-look products. Almost 21 percent reported no negative with those products in testing to see how we can innovate
effect, and nearly 65 percent were unsure if there had been a and help grow the category.”
negative impact at all. Reasons for the shift included:
For the majority of NWFA members who answered either
• “Alternative products were having a negative impact until “No” or “Unsure,” the minimal impact may be a result of
recently. We are seeing a rebound in our wood volume as high demand for flooring products overall at the time of the
the LVT/WPC/SPC categories have matured and their survey. One member said, “With demand on all hard-surface
limitations become better understood.” products, we actually do not feel the shift at this time.”
HFM_OctNov21_final_extended_content.indd 10 9/24/2021 4:07:28 PMFOR WHICH PRODUCT AREAS ARE YOU
EXPERIENCING EXTENDED LEAD TIMES
OR UNPREDICTABLE SUPPLY?
Another member reported that 70%
Raw materials: hardwood
their “waterproof” products were
growing at a rapid pace, but not at
the expense of other categories. Engineered flooring 55%
THE VALUE OF Solid hardwood flooring 53%
EDUCATION IN WOOD
FLOORING MARKETS Adhesives 32%
We asked members to share their
thoughts on what would be most
Subfloor 30%
helpful to businesses looking
to promote real wood floors
over look-alike products. Transport: packaging and
30%
packaging accessories
Responses included:
• Promotion of benefits and Raw materials: softwood 25%
advantages in consumer
magazines and e-news Finishes 23%
• More general education in
publications on the advantages Sundries and accessories 23%
of wood and disadvantages
of vinyl
Tools 18%
• High-quality images that show
colors accurately and depict the
true beauty of wood Other 10%
Barnes believes more time should
be spent educating consumers and Non-wood/Wood-look flooring 0%
members on what it takes to make
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
a quality piece of wood flooring
and why wood is a better option.
“It’s an elaborate process and very
labor-intensive. When the milling
is better, there’s less sanding and
WHAT ARE THE PRIMARY CAUSES OF
finishing and less time spent on EXTENDED LEAD TIMES?
installation. Companies could
speed up their crews by buying Freight disruption 77%
better products.” g
Labor shortages 65%
Production facility shutdowns
or scale-backs
65%
Sudden increase in demand 63%
DOWNLOAD THE
REPORT AT Decrease in supply 62%
hardwoodfloorsmag.com
Panic purchasing 15%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
HFM_OctNov21_final_extended_content.indd 11 9/24/2021 4:07:29 PM2022
Industry Outlook
2021 VS. 2022 EXPECTED
SALES GROWTH 20%
15%
Yes
Up Significantly (8%+) 22% No
Up Somewhat (3 to 7%) 55%
65%
About the Same (-2 to +2%) 20% Unsure
Down Somewhat (-3 to -7%) 2%
Significantly Down (-8%+) 1% HAS COMPETITION
FROM WOOD-LOOK
10%
20%
30%
40%
50%
60%
70%
80%
90%
PRODUCTS (SUCH AS
LVT, WPC, LAMINATE)
HAD A NEGATIVE EFFECT
11% ON YOUR REAL-WOOD
Yes ARE "WATERPROOF" PRODUCT SALES?
28% WOOD FLOORING
No PRODUCTS HAVING
A NEGATIVE IMPACT
61%
Unsure
ON YOUR BUSINESS?
WHAT INITIATIVES WILL YOU IMPLEMENT IN
THE SECOND HALF OF 2021 AND INTO 2022?
Improve processes to become more efficient 48%
Invest in or leverage existing technology
for growth
49%
Add new locations/expand geographically 47%
Add new product categories,
lines or services 31%
Add to my team 24%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
HFM_OctNov21_final_extended_content.indd 12 9/24/2021 4:07:33 PMINSPIRING & EDUCATING WOOD FLOORING PROFESSIONALS
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HFM_OctNov21_final_extended_content.indd 13 9/24/2021 4:07:33 PM2022
Industry Outlook CONTRACTORS
Of those surveyed, 47 percent of contractors
reported a moderate increase in sales of
wood flooring installation during 2020, and
another 21 percent reported significant
gains. Reasons for the gains included
increased local building and remodeling, and
higher demand for wood flooring in certain
regions. Twenty-six percent of contractors
reported sales to be about the same.
Looking ahead to 2022 wood Most contractors installed wood
flooring sales, contractors are flooring purchased from wood
optimistic. Around 35 percent of flooring distributors in 2020. The
contractors anticipate a moderate percentage of flooring purchased
increase in sales, while another and supplied by the client rose from
30 percent expect sales to be up 29 percent in 2019 to 35 percent
significantly (8+ percent). Thirty- in 2020. Other sources included
five percent expect sales to remain big box retailers (5 percent) and
about the same. Reasons for independent/specialized floor
anticipated growth included: covering retailers (5 percent).
• Better economy Plainsawn (83 percent) continues to
• Increased business be the most-common cut of flooring
through referrals installed by contractors in 2021, and
nail-down over wood subfloors is the
• Hot real estate market most-common installation method.
• Larger projects that were
delayed are now in the pipeline
2022 EXPECTED SALES GROWTH
Up Significantly (8%+) 30%
Up Somewhat (3 to 7%) 35%
About the Same (-2 to +2%) 35%
Down Somewhat (-3 to -7%) 0%
Significantly Down (-8%+) 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
HFM_OctNov21_final_extended_content.indd 14 9/24/2021 4:07:35 PMWHAT IS THE MOST COMMON CUT OF
FLOORING YOU HAVE INSTALLED IN 2021?
Plainsawn
Quartersawn
The overwhelming
83% majority of
contractors reported
17%
experiencing
unusually extended
lead times and
unpredictable
supply for products
including raw
material: hardwood
(72 percent), solid
hardwood flooring
(67 percent), and
WHICH FINISH HAVE YOU USED subfloors (56
MOST FREQUENTLY IN 2021? percent). “Cost
of supplies are
constantly changing
Water-based
and availability is
also an issue,” said
Oil-modified
one contractor.
Conversion
5% varnish
70%
Natural or
20% hard wax oil
5%
HFM_OctNov21_final_extended_content.indd 15 9/24/2021 4:07:35 PM2022
Industry Outlook CONTRACTORS
When asked how the COVID-19 crisis affected business, Lenny
WHAT ARE YOUR TOP Hall, president at Endurance Floor Company, said the pandemic
came in stages. “When the pandemic was first recognized, it
OPPORTUNITIES GOING caused a shift in the logistics of the work we were doing. There
INTO THE SECOND HALF were worksites that did not allow more than 10 people on a job.
OF 2021 AND INTO 2022? There was a steep learning curve,” said Hall. “However, nothing
ever really stopped. More people were at home wanting to update
their flooring. Projects started coming our way that customers
1. Home remodeling
had been putting off for two to five years down the road. Now, one
of the issues is availability of materials.”
2. Custom work
One contractor indicated some hesitancy on what the future
3. Expand geographies has in store. “I think we are in a bubble buoyed by people being
stuck at home, stimulus checks, and low interest rates. This will
4. Repairs slow down.”
Regarding social distancing guidelines, 79 percent of contractors
reported that it had not affected their business, with the exception
WHAT ARE YOUR PLANS of longer inspection periods or customers who preferred not to
TO BECOME MORE have people in their homes outside of emergencies.
COMPETITIVE MOVING
The overwhelming majority of contractors reported experiencing
INTO THE SECOND HALF unusually extended lead times and unpredictable supply for
OF 2021 AND INTO 2022? products including raw material: hardwood (72 percent), solid
hardwood flooring (67 percent), and subfloors (56 percent). “Cost
1. Improve social media of supplies are constantly changing and availability is also an
issue,” said one contractor.
2. Increase skills
Almost 81 percent of contractors reported difficulty finding
3. Increase ad spending
adequate skilled labor this year, especially experienced installers,
sanders, and finishers. “People are being paid to stay home,” said
4. Raise prices one contractor. “When you do find someone, they don’t know
anything and yet still want what I make as a fully skilled tech to
5. Update showroom start out. The fully skilled folks currently are employed if they
want to be.”
Despite labor shortages and supply constraints, contractors have
plans to become more competitive moving into the second half of
2021 and into 2022. Plans include:
• Improving social media presence
• Increasing number of suppliers
• Updating showrooms
• Increasing advertising budget
• Continuing to expand skills and flooring knowledge
• Increasing training
HFM_OctNov21_final_extended_content.indd 16 9/24/2021 4:07:39 PMEducation remained top-of-mind for contractors
this year. Eighty-five percent of respondents
WHAT ISSUES ARE YOU
reported being proactive in providing leave-behind SEEING WITH CLAIMS?
information and discussing proper maintenance
with customers. Examples of educational Moisture claims 50%
materials include:
Maintenance claims 31%
• Printed literature from specific finish
manufacturers or mills of prefinished flooring Environmental claims 13%
when installed
• Manufacturer cleaning kits and instructions Customer expectation claims 25%
(printed and online)
• Access to NWFA consumer site Insects 6%
• Written care instructions
Educating the public on the value of wood flooring Milling claims 25%
remains an important, but challenging aspect
of selling wood flooring. Contractors reported Finish claims 25%
obstacles in selling wood flooring such as “LVT
being overmarketed as waterproof” or “dealing with Adhesive claims 0%
the self-researcher who has been misguided
by floor stores and manufacturers about using Imported flooring claims 6%
real solid hardwood products.” Higher material
prices and lower availability of materials leading
to longer lead times were reported to hamper wood Domestic wood claims 0%
flooring sales.
Subfloor related claims 13%
One wood flooring contractor believes
overzealously marketed products have a tendency
Noisy floors claims 13%
to guide consumer desire toward waterproof
floor technology or engineered floors. “Education
is difficult because there are too many players Installation related claims 19%
involved, and all of them are telling a different story
10%
15%
20%
25%
30%
35%
40%
45%
50%
for their own benefit, not the client’s.”
To that end, some contractors believe further
education is key to the future success of wood MOST COMMON INSTALLATION METHOD
flooring and offered suggestions that included:
Nail-down over wood subfloors 79%
• “Let customers know wood flooring is a good
value and has a longer useful life than other
flooring choices.” Glue-down over concrete substrate 11%
• “Promote that it is a natural product that won’t Floating 5%
stay in landfills forever.”
• “Perform a study that demonstrates the long Other 5%
environmental impact of LVT’s lifecycle and
10%
20%
30%
40%
50%
60%
70%
80%
90%
other petroleum-based flooring products.” g
HFM_OctNov21_final_extended_content.indd 17 9/24/2021 4:07:40 PM2022
Industry Outlook CONTRACTORS
DO YOU ANTICIPATE DO YOU EXPECT
YOUR BUYING YOUR END-MARKET
HABITS (BY MIX TO SHIFT IN
CHANNEL) LATE 2021 AND
WILL 28% INTO 2022? 24%
CHANGE? Yes Yes
72% 76%
No No
HAVE SOCIAL WHAT IS THE MOST COMMON SUBFLOOR
DISTANCING
GUIDELINES
YOU INSTALL OVER?
CONTINUED Wood panel 80%
TO AFFECT
YOUR Concrete 5%
BUSINESS?
Screeds/Sleepers 5%
21% Radiant Heat 5%
Yes
Wood panel over concrete 5%
79%
No
Existing floor coverings 0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
HFM_OctNov21_final_extended_content.indd 18 9/24/2021 4:07:42 PMJOIN NWFA TODAY!
ONE MEMBERSHIP
MANY BENEFITS
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HFM_OctNov21_final_extended_content.indd 19 9/24/2021 4:07:42 PM2022
Industry Outlook DISTRIBUTORS
About 12 percent of distributors reported company sales of wood flooring
in 2020 were up significantly (8 percent or more), compared to 2019.
An additional 40 percent “With the current supply chain distributors anticipate those initiatives continuing in
reported a moderate increase and lead time challenges, we 2022, along with staggered shifts to limit exposure.
(3-7 percent). Reasons for the feel it is going to put pressure
increase included: on supply. Although demand One distributor said of plans, “We still want to be the
is forecasted to be significant, final destination, but with more people at home doing
• Improved market share available supply is going to research online, having a stronger website and better
• Pandemic-led building strain it.” room scenes with more accurate colors goes a long way.”
boom Regarding supply-chain challenges, 83 percent of
“COVID-19 played into our
• Homeowners using money built-in ability to reach out and distributors said they were not experiencing unusually
for improvements that may supply samples and products extended lead times and unpredictable supply for any
have otherwise been used to people through the internet product. Distributors that did experience supply-chain
for travel during closures,” said Craig delays named adhesives (73 percent) and engineered
• Higher demand Dupra, president at Installers flooring (73 percent) as the product areas most affected
Warehouse and chairman of by unpredictable supply. Other products included:
Looking ahead, 66 percent of the board for NWFA.
distributors remain optimistic, • Solid hardwood flooring
forecasting a moderate increase The pandemic changed the • Sundries and accessories
for 2022 sales, with another 18 way many distributors did
percent anticipating significant business, with 43 percent • Finishes
gains of 8 percent or more. increasing health and • Raw materials: hardwood
sanitation measures, and 41
Conversely, 12 percent expect percent opting for remote work For distributors that have experienced extended lead
sales to remain the same, and environments. Thirty-seven times, freight disruption, sudden increase in demand,
about 4 percent expect sales percent of distributors limited and labor shortages were offered as the top reasons
to decrease in 2022. One customer exposure with drive- for delays. “With the congested ports, lack of available
distributor said, thru supply pickups. Many containers, and challenges with mills getting raw
materials, it is adding significant transportation time and
time in ports,” said one distributor.
2022 EXPECTED SALES GROWTH The number one concern on the minds of distributors
going into 2022 is competition from local liquidators,
Up Significantly (8%+) 18% followed by competition from non-wood floor coverings
and government regulations.
Up Somewhat (3 to 7%) 66%
The top two opportunities for distributors going into
About the Same (-2 to +2%) 12%
the second half of 2021 and into 2022 are end-market
diversification and geographic expansion.
Down Somewhat (-3 to -7%) 3% Other plans distributors shared for becoming
competitive include focusing on luxury wood
Significantly Down (-8%+) 1% products, pushing for better supply availability,
educating customers about longer lead times, building
10%
20%
30%
40%
50%
60%
70%
80%
90%
HFM_OctNov21_final_extended_content.indd 20 9/24/2021 4:07:42 PMHALFWAY THROUGH 2021, WHAT IS
YOUR EXPECTATION FOR FULL-YEAR WHAT ARE YOUR TOP
OPPORTUNITIES GOING INTO
REVENUES FOR WOOD FLOORING THE SECOND HALF
COMPARED WITH 2020 LEVELS? OF 2021 AND 2022?
Up Significantly (8%+) 13%
1. End-market diversification
Up Somewhat (3 to 7%) 61%
2. Geographic expansion
About the Same (-2 to +2%) 23%
3. E-commerce
Down Somewhat (-3 to -7%) 3%
Significantly Down (-8%+) 0%
10%
20%
30%
40%
50%
60%
70%
80%
relationships with more suppliers, maintaining
IF YOU SELL NON-WOOD FLOORING low overhead, and increasing sales team
presence at retail locations. Distributors also are
PRODUCTS, HOW QUICKLY ARE YOUR focused on improving inventory efficiency and
WOOD FLOORING SALES GROWING product mix.
COMPARED WITH YOUR NON-WOOD Training customers on products remains
FLOORING SALES IN 2021? important to distributors, with 22 percent of
distributor members hosting schools every
Growing more quickly than
12% year. Forty-two percent of distributor members
non-wood flooring products
have hosted and plan to host schools in the
future. Almost 58 percent of training offered
About the same growth rate 46%
by distributor members is training through
Growing more slowly than NWFA. Other kinds of training include:
non-wood flooring products 36%
• Manufacturer training
We only sell wood flooring 6% • Virtual training
5%
10%
15%
20%
25%
30%
35%
40%
45%
• Sales training
• Product technical training
• On-site customer training g
HFM_OctNov21_final_extended_content.indd 21 9/24/2021 4:07:42 PM2022
Industry Outlook DISTRIBUTORS
WILL THE PERCENTAGE OF YOUR SALES
FROM PRIVATE LABEL PRODUCTS INCREASE,
DECREASE OR STAY THE SAME IN 2022?
3%
We don't sell a
22% private label brand
Increase
44%
Decrease
31%
Same
IN 2020, HOW WERE YOUR SALES
OF WOOD FLOORING COMPARED
WITH 2019?
Up Significantly (8%+) 12%
Up Somewhat (3 to 7%) 40%
About the Same (-2 to +2%) 36%
Down Somewhat (-3 to -7%) 12%
Significantly Down (-8%+) 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
HFM_OctNov21_final_extended_content.indd 22 9/24/2021 4:07:44 PMIMPROVING FOREST
SUSTAINABILITY
FOR FUTURE
GENERATIONS
The NWFA’s
Responsible
Procurement
Program (RPP)
is a joint initiative
between NWFA member companies
environmental certified under RPP
groups and manufacturers committed to producing and
promoting wood floors that come only from
environmentally responsible sources. AHF Products
The program is unique from ALL other certification
programs in that it encompasses ALL manufacturers’ Anderson Tuftex
raw materials.
RPP products are recognized by several residential
Mullican Flooring
green building programs, including:
Shaw Hardwoods
• NAHB’s National Green Building Standard —
more than 100,000 dwelling units certified
Sheoga Hardwood Flooring & Paneling
• Earth Advantage — more than 27,000
dwelling units certified
• Build It Green — more than 20,000 homes certified
• Collaborative for High-Performance Schools —
more than 200 schools certified
To learn more about the RPP Program, visit nwfa.org/manufacturing.
HFM_OctNov21_final_extended_content.indd 23 9/24/2021 4:07:44 PM2022
Industry Outlook MANUFACTURERS
More than half of NWFA times,” said Kent Barnes, co-owner with remote work, and 32 percent
manufacturers reported sales of Hardwood Floors of Hillsboro. plan to continue offering virtual
were up significantly from “There’s a lot of labor involved in that customer appointments.
2019 to 2020. Nine percent of process. You might see prices recede
manufacturers said sales were some, but they’re not going to go The majority of manufacturers
up somewhat (3-7 percent). back to where they were pre-COVID. reported experiencing unusually
About 68 percent said they There’s too much fixed cost in there.” extended lead times and unpredictable
increased prices significantly supply for products. “Every week,
(more than 8 percent) in 2021, Nearly 91 percent of manufacturers there seems to be a new shortage of
and about a third expect to surveyed said their raw materials cost something,” one manufacturer said.
increase prices significantly in increased in 2021, and half expect “Ocean shipping is a nightmare,”
2022, with another 33 percent those costs to continue to increase. another reported.
planning to increase pricing
somewhat (3-7 percent). Top opportunities for manufacturers Most also reported problems finding
in the second half of 2021 into adequate skilled labor this year. Many
2022 include: deployed the same strategies as the
Nearly 61 percent of manufacturers rest of the industry, including using
surveyed reported they expect sales • Improvements to operations recruiters and increasing pay. One
to be up significantly in 2021, and • Product diversification manufacturer said they’re looking
13 percent expect sales will be up outside of their own industry, “looking
somewhat. This year, nearly 24 percent • End-market diversification
for character traits rather than
of manufacturers said their primary • Geographic expansion industry experience.”
sales channel was online. Many • E-commerce
manufacturers said both demand and Going into 2022, manufacturers are
prices are high, but they’re concerned • Value-added services most worried about:
about sourcing labor and materials • New distribution channels
to capture that demand. Several • Potential housing bubble collapse
When asked how the pandemic
respondents report having maxed out • Supply chain challenges
changed their business operations,
their production capacity. many manufacturers reported that • Labor shortage
Going into 2022, manufacturers are they canceled or decreased work To become more competitive in the
optimistic that sales will continue to travel, increased health and sanitation second half of 2021 and into 2022,
increase. Around 30 percent expect measures, shifted to working manufacturers said they would be
sales to be up significantly (more than 8 remotely, and offered virtual customer staying the course, expanding their
percent), and nearly 35 percent expect appointments. Most plan to continue business into new markets, products,
sales to be up somewhat (3-7 percent). with increased health and sanitation and channels, introducing automation,
measures, 40 percent plan to continue and optimizing their inventory. g
“We believe higher prices are going
to stay, which will artificially raise the
top-line sales figures,” one manufacturer WHAT ARE YOU MOST WORRIED ABOUT
said. Another said, “Inflation will be
much higher than normal in the GOING INTO 2022?
coming months.”
1. Supply chain challenges 3. Labor shortage
“The average piece of wood flooring
gets touched probably 25, 30 times 2. Potential housing bubble 4. Non-wood flooring
and trucked probably a half a dozen collapse competition
HFM_OctNov21_final_extended_content.indd 24 9/24/2021 4:07:44 PMIN 2021 SO FAR, PRICING FOR THE IN 2021
4%
Same
PRODUCTS I SELL HAS: HAVE RAW
Increased Significantly (8%+) 65% MATERIAL 4%
COSTS IN Decrease
Increased Somewhat (3 to 7%) 22% GENERAL
92%
INCREASED, Increase
About the Same (-2 to +2%) 9%
STAYED THE
Decreased Somewhat (-3 to -7%) 4%
SAME OR
DECREASED?
Decreased Significantly (-8%+) 0%
10%
20%
30%
40%
50%
60%
70%
80%
2022 EXPECTED SALES GROWTH
34%
2022
Up Significantly (8%+)
EXPECTED 22%
Up Somewhat (3 to 7%) 33% RAW Decrease
MATERIALS
About the Same (-2 to +2%) 33% COSTS 48%
30%
Increase
Same
Down Somewhat (-3 to -7%) 0%
Significantly Down (-8%+) 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
“The average piece of wood flooring
2022 EXPECTED PRICING gets touched probably 25, 30
times and trucked probably a half a
Increase Significantly (8%+) 32% dozen times ... There's a lot of labor
involved in that process. You might
Increase Somewhat (3 to 7%) 36% see prices recede some, but they're
not going to go back to where they
About the Same (-2 to +2%) 23% were pre-COVID. There’s too much
fixed cost in there.”
Decrease Somewhat (-3 to -7%) 9%
– Kent Barnes,
Decrease Significantly (-8%+) 0% Hardwood Floors of Hillsboro
5%
10%
15%
20%
25%
30%
35%
40%
45%
HFM_OctNov21_final_extended_content.indd 25 9/24/2021 4:07:44 PM2022
Industry Outlook MANUFACTURERS
COMPARED WITH 2019, SALES OF WOOD WHAT IS YOUR EXPECTATION FOR
FLOORING PRODUCTS IN 2020 WERE: FULL-YEAR 2021 SALES RESULTS?
Up Significantly (8%+) 54% Up Significantly (8%+) 62%
Up Somewhat (3 to 7%) 8% Up Somewhat (3 to 7%) 13%
About the Same (-2 to +2%) 17% About the Same (-2 to +2%) 25%
Down Somewhat (-3 to -7%) 17% Down Somewhat (-3 to -7%) 0%
Significantly Down (-8%+) 4% Significantly Down (-8%+) 0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
10%
20%
30%
40%
50%
60%
70%
80%
90%
DO YOU EXPECT
TO SHIFT BY WHICH SALES CHANNELS
BUSINESS DO YOU GO TO MARKET?
AMONG YOUR 23%
CHANNELS Yes 73%
Traditional wood flooring distributors
IN 2022?
General floor covering distributors 36%
77%
No Direct to flooring-specific retailers 27%
Direct to big-box retailers 27%
Direct to builders/installers 14%
HAVE CLAIMS
INCREASED, Direct to end-users/homeowners 14%
DECREASED
OR STAYED Online 23%
THE SAME
10%
20%
30%
40%
50%
60%
70%
80%
90%
50% 50%
IN 2021? Increase Decrease
HFM_OctNov21_final_extended_content.indd 26 9/24/2021 4:07:47 PMHFM_OctNov21_final_extended_content.indd 27 9/24/2021 4:07:48 PM
2022
Industry Outlook RETAILERS
In 2020, around 43 percent of retailers surveyed reported sales of wood flooring were up somewhat
(3 percent to 7 percent) compared to 2019. Around 30 percent reported sales were about the same.
Halfway through 2021, nearly 48 When asked how the pandemic
WHAT ARE YOU MOST percent of respondents expect full- has changed business operations,
year revenues to be up somewhat retailers said they increased
WORRIED ABOUT (3 percent to 7 percent), and about health and sanitation measures,
GOING INTO 2022? a fifth expect revenues to be up offered drive-thru pickups, worked
significantly (more than 8 percent). remotely, and had to conduct layoffs
and staggered shifts. Retailers
1. Economy Looking toward 2022, nearly 61 surveyed expect to continue with all
percent of the retailers expect these changes.
2. Manufacturers selling direct
sales of wood flooring to be up
somewhat, and 17 percent expect Nearly three-quarters said they
3. Competition from local liqui-
dators
sales to be up significantly. haven’t had problems finding
adequate skilled labor.
“Many homeowners are renovating
and building due to the pandemic,” “We did not close the business
one retailer said. through COVID-19,” said
WHAT ARE YOUR TOP Winston Zheng, founder and chief
Going into the second half of 2021 executive officer of Unique Wood
OPPORTUNITIES GOING and 2022, retailers see their top Floors. “We took some actions,
INTO THE SECOND HALF opportunities in: and everybody is still at work.
OF 2021 AND INTO 2022? We were down a little bit last
• E-commerce
April, but the rest of the months,
• End-market diversification we’ve managed pretty well. Last
1. E-commerce
• Geographic expansion year we were ahead of 2019, so we
2. End-market diversification • New talent didn’t have to move anybody for
any reason.”
3. Geographic expansion NWFA retailers report their top A large majority of retailers said
concerns going into 2022 are the they aren’t experiencing extended
4. New talent economy, manufacturers selling lead times and unpredictable
direct, competition from local supply for products. The 29
liquidators, competition from percent that did were having the
big-box stores, and commodity- most difficulty with engineered
level pricing. flooring, solid hardwood flooring,
and raw hardwood materials.
Retailers are unsure whether They cited lack of stock, logistics
competition from wood-look issues, labor shortages, price
products such as LVT, SPC, and increases, and shipping costs
laminate have had a negative effect as top reasons for shortages and
on their real wood product sales. delays. And the primary cause
“Consumers reference more water- of extended lead times is freight
resistant, more scratch-resistant,” disruption, followed by production
one retailer said. Another said: facility shutdowns or scale-backs.
“We sell LVT as well as real wood
flooring, so it is part of our line.”
HFM_OctNov21_final_extended_content.indd 28 9/24/2021 4:07:53 PM2022 EXPECTED SALES GROWTH WHAT ISSUES ARE YOU
SEEING WITH CLAIMS?
Up Significantly (8%+) 18%
Moisture claims 10%
Up Somewhat (3 to 7%) 61%
Maintenance claims 25%
About the Same (-2 to +2%) 17%
Environmental claims 35%
Down Somewhat (-3 to -7%) 4%
Customer expectation claims 45%
Significantly Down (-8%+) 0%
Insects 20%
10%
20%
30%
40%
50%
60%
70%
80%
Milling claims 20%
Finish claims 25%
ARE YOU EXPERIENCING ANY
CHALLENGES IN EDUCATING Adhesive claims 0%
CONSUMERS ON THE
DIFFERENCES Imported flooring claims 10%
BETWEEN REAL
WOOD AND Domestic wood claims 0%
WOOD-LOOK 52%
FLOOR- Yes Subfloor related claims 0%
48%
COVERING No
5%
PRODUCTS/ Noisy floors claims
MATERIALS?
Installation related claims 5%
5%
10%
15%
20%
25%
30%
35%
40%
45%
“We try to work to see if (customers) can put in don’t sell many different floor coverings. We’re very
the down payment so we can take their order and specialized in wood floors. That helped us a lot. I
lock the products,” said Zheng. “Since we have a think the stock position helped us greatly with the
warehouse, we can bring their order in early. We shortage of material.” g
HFM_OctNov21_final_extended_content.indd 29 9/24/2021 4:07:54 PM2022
Industry Outlook RETAILERS
WILL THE PERCENTAGE OF YOUR SALES
ATTRIBUTED TO PRIVATE LABEL INCREASE, NWFA retailers report
DECREASE OR STAY THE SAME IN 2022? their top concerns
going into 2022
are the economy,
manufacturers selling
direct, competition
65%
Decrease from local liquidators,
competition from
big-box stores, and
9% We don't sell commodity-level
Same
13% a private label pricing.
13% brand
Increase
WILL THE PERCENTAGE OF YOUR SALES
ATTRIBUTED TO SERVICES (INSTALL,
REFINISHING, DESIGN, TRAINING, ETC.) INCREASE,
DECREASE OR STAY THE SAME IN 2022?
4%
We don't sell
22% any accessories
Same
44%
Decrease
30%
Increase
HFM_OctNov21_final_extended_content.indd 30 9/24/2021 4:07:54 PMWILL THE PERCENTAGE OF YOUR SALES ATTRIBUTED
TO ACCESSORIES (MAINTENANCE PRODUCTS,
SUNDRIES, ACCESSORIES, UPGRADES, ETC.)
INCREASE, DECREASE OR STAY THE SAME IN 2022?
4%
We don't sell
26% any accessories
Same
39%
Decrease
31%
Increase
WHAT IS YOUR EXPECTATION FOR 2021
FULL-YEAR REVENUES FOR WOOD FLOORING
COMPARED WITH 2020 LEVELS?
Up Significantly (8%+) 22%
Up Somewhat (3 to 7%) 48%
About the Same (-2 to +2%) 13%
Down Somewhat (-3 to -7%) 17%
Significantly Down (-8%+) 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
HFM_OctNov21_final_extended_content.indd 31 9/24/2021 4:07:55 PM2022
Industry Outlook
SUPPLY-CHAIN
CONSTRAINTS WARRANT
STRONG LANGUAGE:
“UNBELIEVABLE”
“NIGHTMARE”
“DISASTER”
NWFA members report supply-chain constraints and
extended lead times have been a major challenge
for the industry. They’ve experienced high prices for
shipping and materials, limited supply, delays and
long lead times, and difficulty booking ocean freight.
“We’re having delays unlike anything else we’ve ever seen in our
history with products,” one distributor noted.
At the time of the Industry Outlook survey, 41 percent of
NWFA members reported unusually extended lead times and
unpredictable supply, primarily in raw materials like hardwood,
engineered flooring, solid hardwood flooring, adhesives,
subfloor, and transport items like packaging and packaging
accessories. In addition to material shortages, supply constraints
also have caused delays in securing repair parts for machinery.
Reasons include freight disruption, production facility
shutdowns or scale-backs, labor shortages, decrease in supply,
and a sudden increase in demand. Some respondents used words
like “unbelievable,” “nightmare,” and “disaster” to describe the
overall experience.
“The supply chain saw a complete disruption due to the
pandemic,” one respondent said. “Longer lead times and higher
prices are the result.”
Respondents report that ports are strained and they’re having
difficulty with freight prices and availability. “With the
congested ports, lack of available containers, and challenges
with mills getting raw materials, it is adding significant time to
transportation as well as time in ports,” one said.
HFM_OctNov21_final_extended_content.indd 32 9/24/2021 4:07:57 PM“There’s simply not enough simply because you buy them when you can get
freight space or container space them,” said Craig Dupra, president at Installers
on the boats,” another said. “We’ve done quite a bit Warehouse and chairman of the board for NWFA.
“In some cases, there are 20 of importing in the past “We’re scavenging every minute. We’re hunting.”
containers waiting to be loaded, 18 years in business.
and they’re getting a spot for Derek Swegle, founder of Habitat Hardwood
The ocean shipping
one or two. Some of that has to Flooring, was already in a tough position in
costs have gone up terms of supply in his region. “There’s no
do with the labor in the ports, four times. So not only
when they’ve had to work from distributor within 250 miles of where we live,
are you dealing with so everything we buy has to be shipped into
home or if they were shut down
for being sick. That has created the two to three times us,” Swegle said. “We try to stock as much as
major congestion. Add to that price increases on the we can. That has been a challenge lately because
the Suez Canal boat that was products, but you're a lot was backordered. I had to order double
sideways. It being stuck for a also incurring additional because the more you order the higher on the
couple of days had an effect.” priority list you get.”
freight charges
domestically.” “I saw a lot of this coming a year ago,” said
Along with this, freight and
shipping prices significantly have – Winston Zheng, Kent Barnes, co-owner of Hardwood Floors
increased. “We’ve done quite a bit of Hillsboro. “Everybody had been home, and
Unique Wood Floors
of importing in the past 18 years nobody was cutting trees or skidding logs,
in business,” said Winston Zheng, doing all the things it takes to make a piece of
founder and chief executive hardwood flooring. So, we stocked up a large
officer of Unique Wood Floors. “The ocean shipping costs have quantity, as much as we can hold. That helped us.”
gone up four times. So not only are you dealing with the two “We try to keep everything in stock as much as we can,”
to three times price increases on the products, but you’re also Zheng said. “And that’s weathered us through the short
incurring additional freight charges domestically.” supply and long lead times very well for the past eight to
Disruption at the production level also has been a major nine months.”
factor. “Raw materials on the hardwood side at the sawmills Still, there’s the challenge of keeping customers happy when
or veneer suppliers have backed up production,” a survey
supply is delayed or unavailable. Lenny Hall, president at
respondent said. Part of this is due to limited supply, but it’s
Endurance Floor Company, said, “We contacted clients ahead
also due to supply chain-wide labor shortages.
of time on their projects and required them to formalize the
“We import the bulk of our product from overseas,” said project. That deposit gets materials ordered well in advance
Theresa Ridinger, customer relations manager at LW of when they might have the project done. They were very
Flooring. “The supply chain has been challenging because cooperative because they understood; they were listening to
we’re not the only country dealing with the COVID-19 the same news we listened to.”
pandemic. Sometimes plants were closed for a week or
two weeks, and production would get behind. Sometimes “There’s a sense among customers who are doing their home
they can’t get the raw material. The ports are slower to remodeling that things get delayed,” said Zheng. “Not just
process containers so there are delays. That’s probably from our industry, from the construction industry overall, so
attributed primarily to a staffing shortage at the ports. Then, they’re prepared.” g
ocean freight rates are through the roof and that’s causing
significant pricing pressures.” Shannon Gayton and Lauren White are senior content managers
for 3 Aspens Media, which conducted this online survey of
To buffer their stock against the shortage, many in the industry NWFA members and Hardwood Floors magazine readers,
analyzed results, and produced this report. Contact
turned to overstocking when possible. “We’re info@3aspensmedia.com with questions.
forced to carry way more inventory of certain things
DOWNLOAD THE
REPORT AT
hardwoodfloorsmag.com
HFM_OctNov21_final_extended_content.indd 33 9/24/2021 4:07:57 PMYou can also read
