At KCMA, we’re committed to bringing you the latest news in the cabinet manufacturing industry. Here’s a look at what’s happening:
Global wood consumption slows
Global wood consumption increased by only 0.3% in 2019, the lowest increase in the last decade, after growing by an average of 2.2% per year for the last 20 years. China, North America and Europe account for more than 75% of global wood consumption.
China to amend Forest Law
The Environmental Investigation Agency reports that China will amend its Forest Law to include a national ban on buying, processing or transporting illegally sourced timber. China is the world’s largest importer of wood and the world’s largest exporter of wood-based products. Several organizations have estimated that 15-30% of all timber traded globally has been illegally harvested.
Experts debate Green building methods
Many believe there is significant room for improvement in green building standards, as some experts question the accuracy of the certification processes. Even though various programs have attempted to mainstream tight building envelopes, reduced water use, connection to public transport and the deployment of low-emission materials, only about 5% of buildings are certified. Architects are turning to a type of certification that measures the performance of a building after at least 12 months of operation.
2020 Houzz State of the Industry Reveals concerns over rising material costs
The 2020 Houzz U.S. State of the Industry, which provides an outlook on 2020 and a review of 2019 performance for residential renovation and design businesses showed that companies across all industry sectors have an optimistic outlook for 2020, following positive 2019 results. But, there is also rising concern over higher costs of doing business.