Office Furniture Outlook for 2010 - Positive

Posted by Expert Gadget Reviewer on Friday, 16 April 2010

I spent the past two days in meetings with one of our manufacturing partners, and was pleasantly surprised at the overall outlook from both the manufacturer, as well as the outlook from my fellow office furniture dealers.

The general highlights were as follows:

  • Large Business: Corporate America is in the process of re-starting their capital projects -with projects formally on hold now being reactivated, and a positive GROWTH forecast for the remainder of 2010.
  • Small Business: Small business is still staying on the sidelines, with order flow remaining slow and an overall outlook of uncertainty.
  • Pricing: Look for price increases coming within the next 6-12 months, driven by sharp increases in commodity prices. Some of the increases that have taken place over the last 3 months are staggering, and if the trend continues, prices will have no where to go but up. If you are contemplating a project, move now because inflation is coming.
This is the first time in nearly 36 months that I have come out of an industry meeting where the consensus sentiment outlook was positive.