The following article sheds very good light on the growing influence of furniture sources from Eastern Europe. This article focuses on Poland, but the same is true for a growing supply chain in Eastern Europe. MGroup™ was one of the first to recognize the growing importance of a vibrant supply chain in this region.
MGroup™ has published "How Duties and Tariffs Affect the Hospitality Industry" – a really good resource to help our clients understand how the present political and economic situation regarding tariffs, anti-dumping, and duties affects the US Hospitality Market.
MGroup™, a world leader in hospitality interior furnishing products and Evo, an Estonian-based supplier to the Marine and Hospitality markets, announces a joint marketing agreement. The goal is to take the Evo Furniture + Design brand worldwide to address the growing needs for a world-class resource for public area architectural millwork and high-end suites for the gaming, hospitality, and the cruise line market.
Take a virtual tour of our European Supply chain for quartz countertop slabs and fabrication of countertops. Our new super jumbo Breton quartz slab fabrication line has started production in November and is the second slab line in our Spanish facility.
On Friday, October 4th, the US Department of Commerce issued a preliminary ruling against the Cabinet and Vanity producers in China with amounts ranging from 55% to 262% of anti-dumping and countervailing duties depending on the resource. This would include to the 25% 301 duties in effect.
Arne Augustinussen, MGroup’s European Director of Operations, hosted Nuno Braga Rosa, our European and MENA Account Manager, and our CEO, Dave Murray, in Germany this September. MGroup™ is spreading the news of our incredible pivot to a more balanced production in Eastern and Southern European countries which creates great value for European hospitality clients.
The Wall Street Journal recently released an article about supply chain movement to Vietnam and the potential issues that are being faced in that region. With thanks to the Wall Street Journal, the article correctly points out the biggest problems that are being recognized with a Vietnamese-centered supply chain.
As I get settled back into daily life, I wanted to take some time to reflect on the amazing journey I just took and what it meant for MGROUP™. The rug business and this trip were my form of Disney World, and I definitely left with the heart of Mickey Mouse.
The protectionist trade policy process has targeted quartz from China and unfortunately has been expanded to other hospitality industry segments like vanities and millwork. We believe that there is enough clarity at this time that hospitality executives can begin to develop plans to provide a direction and a way forward within their organizations.
While the protracted Trade War with China might be showing some easing, the long term prognosis is still “cloudy” as to whether we have seen the worst regarding the ongoing negotiations.
