Greater New York Chamber of Commerce 212-CHAMBER

Spotlight Event - December 12, 2024

Holiday Party and Annual Meeting, 5:30 pm Thursday

Holiday-Party

GNYCC Members meets with Portuguese Association of Wood and Furniture Industries

The GNYCC hosted the Portuguese Association of Wood and Furniture (Associação Portuguesa da Indústria de Madeiras e Mobiliário – APIM) over breakfast. The presentation discussed the current state of the wood and furniture industry in Portugal, exploring opportunities for collaboration, addressing industry challenges, and aligning on future initiatives. This meeting was also a chance to understand the association's role in supporting local manufacturers and promoting sustainable practices in the industry.

Key Points Discussed:

Industry Trends and Market Outlook:

  • APIM provided an overview of the state of the wood and furniture sector in Portugal, including market trends, growth areas, and challenges.
  • A focus on the evolving demand for sustainable, eco-friendly products and how businesses are adapting to this trend.
  • Emerging international markets for Portuguese wood and furniture products, particularly in Europe and beyond.

Sustainability Initiatives:

  • APIM highlighted ongoing efforts to promote sustainability in the industry, such as the use of certified sustainable wood, reducing waste, and energy-efficient manufacturing.
  • Discussion on the importance of complying with international sustainability standards (e.g., FSC certification) and how these impact competitiveness in global markets.

Innovation and Technology:

  • Exploration of how new technologies, such as automation and digitalization, are shaping production processes in the sector.
  • Emphasis on the growing role of design and innovation in creating competitive, high-quality products for the global marketplace.

Challenges Facing the Sector:

  • Labor shortages and the need for skilled workers in the wood and furniture manufacturing industry.
  • Raw material price fluctuations and the impact of global supply chain disruptions.
  • Regulatory challenges, particularly around environmental and import/export restrictions.

Opportunities for Collaboration:

  • APIM expressed interest in exploring partnerships with foreign companies and organizations to increase the global reach of Portuguese-made wood and furniture.
  • Potential for collaborations in areas such as product development, marketing, and sustainability initiatives.

Government Support and Industry Advocacy:

  • Discussion on the role of the Portuguese government in supporting the industry, particularly through grants, subsidies, and export promotion.
  • The association’s advocacy efforts to ensure that industry concerns are represented at the national and EU levels.

Networking and Industry Events:

  • APIM discussed key industry events, trade shows, and exhibitions where Portuguese companies could showcase their products and connect with international buyers.
  • Importance of fostering networking within the local industry and with international partners.