COVID-19 Impact and Recovery Analysis | Flooring Procurement Intelligence Report Forecasts Spend Growth of over USD 61 Billion | SpendEdge

The global flooring is poised to experience spend growth of more than USD 61 billion between 2020-2024 at a CAGR of over 4.78%.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, June 29, 2020
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Other Construction & Property, Construction & Property, Interior design, Business, Procurement, Supply chain management, Systems engineering, E-procurement, Sourcing
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Summary
Key Points: 
  • The global flooring is poised to experience spend growth of more than USD 61 billion between 2020-2024 at a CAGR of over 4.78%.
  • View the full release here: https://www.businesswire.com/news/home/20200629005486/en/
    Read the 120-page research report with TOC and LOE on "Global flooring Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."
  • Our flooring procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation.
  • This flooring procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.


The global flooring is poised to experience spend growth of more than USD 61 billion between 2020-2024 at a CAGR of over 4.78%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200629005486/en/

Read the 120-page research report with TOC and LOE on "Global flooring – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."

SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our flooring procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment

Insights into the Market Price Trends

  • Raw material prices account for a significant portion of suppliers' OPEX. Any increase in these prices leads to a substantial increase in suppliers' OPEX, which will have a direct impact on buyers' flooring procurement price.
  • The increase in minimum wages across countries and expectations for a better lifestyle will compel suppliers to increase their compensations for employees. While this will increase suppliers' OPEX, this will have an inflationary impact on buyers' flooring procurement expenditure.

Insights to help buyers identify and shortlist the most suitable suppliers for their flooring requirements. This procurement report answers the following questions:

  • Am I engaging with the right suppliers?
  • Which KPIs should I use to evaluate my incumbent suppliers?
  • Which supplier selection criteria are relevant for?
  • What are the flooring category essentials in terms of SLAs and RFx?

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Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:

  • What should be my strategic procurement objectives, activities, and enablers for the flooring category?
  • What negotiation levers can I pull for cost-saving?
  • What are flooring procurement best practices I should be promoting in my supply chain?

Some of the top flooring suppliers enlisted in this report

This flooring procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

  • Armstrong Flooring Inc.
  • Beaulieu International Group NV
  • Berkshire Hathaway Inc.
  • Boral Ltd.
  • Forbo Holding Ltd.
  • Gerflor Group
  • Mohawk Industries Inc.
  • Tarkett Group Co.
  • The Dixie Group Inc.
  • TOLI Corp.

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Table of Content

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

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