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From Home Furnishing Business
Furniture Industry in 2025: What Are You Working With?
December 27,
2024 by Karen Parrish in Business Strategy, Industry
With the year quickly coming to an end, a lot of time is spent looking back on what the year has meant, and the memorable moments... both highs and lows.
It's not hard to imagine what some of those things will be, on either end of the spectrum. The stock market has been a roller coaster, the economy probably determined the outcome of the general election, and technology is again at the forefront of development in finance, supply chain, energy / climate change, and retail / manufacturing.
One of the major topics of conversation and concern for what is coming at us at a lightning pace is Artificial Intelligence. There is no denying that it will have a major influence in every corner of every industry, but a valid question might be, "How will A.I. affect OUR industry next year?"
Time will be the best answer to that question, but for those who want answers NOW, all you have to do is a quick browser search on-line. In the furniture industry in particular, A.I. has already been influential, and it will only get more nuanced as it develops:
- DESIGN: Virtual Reality and Augmented Reality have begun to help designers and retailers show customers what furniture pieces and design plans will look like in their current and planned spaces.
- RETAIL: A.I. is at work in the customer experience on-line, with recommendations becoming more personalized, chatbots that will become more nuanced, and voice recognition software on websites and in-store predictive analytic assistance for sales associates.
- MANUFACTURING: Demand forecasting, Supply Chain Optimization and Predictive Maintenance will help influence both Inventory Management and Manufacturing.
There are more than just a handful of companies that are tailoring and marketing their products for the furniture and design industries. We have reported on what several of these companies are already doing and anticipate an uptick of all things A.I. in 2025.
So, buckle up, friends! 2025 will be a year with a foot on the accelerator for developments in technology and different ways to use and improve things in manufacturing, vertical integration, consumerism, and ideally in the end, sales and profits.