Research conducted by Businesswise Solutions and the British Furniture Manufacturers (BFM) showed that 75% of the industry see the management of environmental challenges as a key priority, with most feeling that the sector lacks a strategy to meet these challenges head-on.
The findings appear in Sentiment of the Sector & The Road To Net Zero, a 36-page insight report, which also revealed that 50% of participants said they knew what is required to achieve net zero as a sector, while all respondents said the industry lacked a strategy to achieve the target.
The report pulled together insight and feedback from two virtual roundtable events held in March 2021 to gauge opinion on the sector’s performance, under the heading of Environment, Social and Corporate Governance. Other subjects analysed during the events, and detailed in the subsequent report, include Coronavirus, Predicting Demand, Raw Materials and Logistics, as well as Labour Challenges.
Charlotte Floate, director at Alpha Designs, was one of the event participants. She says: "Being involved in the roundtable was a great experience and it felt like we had very open, honest discussions around key topics for the industry.”
Both the roundtables and the report were facilitated by BFM associate member Businesswise Solutions, in partnership with the BFM.
BFM MD Nick Garratt says: “This has been a hugely interesting and informative project. The report sets out the current and future state of British furniture manufacturing. It provides a fascinating overview of the driving issues for the sector and, as a trade body, gives insight into areas where we can continue to support the industry in the challenging times ahead.”
Frazer Durris, CEO and founder of Businesswise Solutions, adds: "What we have learned from this insight project is that businesses in the furniture manufacturing industry are passionate about doing the right thing, whilst putting innovation and agility at the centre of how they operate.”
Sentiment of the Sector & The Road To Net Zero can be viewed here.