Many woodwork manufacturers complain that exports have been sliding as people in target markets have been tightening their purse strings.
Coupled with the ongoing shortage of shipping containers, a hike in raw material prices and the pandemic continue to cause issues for exporters of timber products, exacerbating the desire for timely solutions and a more sustainable supply chain.
The US has decided to conduct an investigation on whether Vietnam is dumping plywood products in the US. The decision could lead to a sharp fall in plywood exports to the market.
Many Chinese wooden furniture manufacturers have been found setting up foreign invested enterprises (FIEs) in Vietnam to ‘fabricate’ Vietnamese origin for their exports to the US.
The woodwork industry is experiencing many hardships with 80 percent of orders postponed in April.
More and more foreign invested enterprises (FIEs) in Vietnam have begun exporting woodwork products as Vietnamese enterprises increasingly lose market share.
E-commerce is one of the best solutions for woodwork enterprises to cope with the Covid-19 epidemic, which has led to a sharp fall in demand.