Home / Lights & Construction

Vietnam’s exports of timber and its wood products are facing a crisis after peaking in July.

Furniture manufacturers in the United Kingdom, the European Union and other countries and regions are also facing the threat of interruption of the domestic supply chain due to the shortage of wood materials and other factors.

With the rapid spread of a new round of Delta virus around the world, the pace of recovery of the global industrial chain has been severely affected, threatening the economic rebound after the epidemic and pushing up inflation. At present, global timber prices have fallen by half from their record highs in May, but they are still higher than their pre-epidemic levels (data source: British Financial Times).

A large number of factories in Binh Duong Province, the industrial center of Vietnam, have been shut down, and the domestic supply chain is facing disruption, which may threaten the global supply chain.

Due to the impact of logistics in the UK, the furniture industry has recently been threatened by supply chain shortages. And this state continues.

According to a quarterly survey conducted by the European Commission, one third of EU furniture manufacturers indicated that their supply chain was severely affected. The main reasons for this include: the closure of some ports in major Asian supply countries/regions has led to the delay/cancellation of part of the supply chain transportation; frequent natural disasters; and rising transportation costs.

Large furniture manufacturers such as IKEA (Swedish assembled furniture manufacturer) and Temahome (French furniture manufacturer) said they were affected by the interruption of the supply chain and believed that this impact would exist for a long time.