Knoll CEO: We're in a Hiring Mode

The transcript discusses a company's recent growth and hiring trends, driven by a robust market and low unemployment rates. It explores the impact of tariffs and material costs, highlighting the company's strategies to mitigate these challenges. The trade war's uncertainty affects business confidence, but demand for modern workplaces and talent remains strong. The company has diversified its offerings to include affordable luxury and small business markets. Decision-making is influenced by market indicators, with a focus on maintaining growth despite potential challenges.

What is driving the increased demand for the company's products?

• Increased tariffs

• High unemployment rates

• Modern work environment preferences

• Decreased competition

How has the company mitigated the impact of tariffs?

• By increasing domestic production

• By sourcing components from non-Chinese countries

• By reducing employee wages

• By increasing product prices

What is the main impact of the trade war on the company?

• Higher employee turnover

• Decreased demand for products

• Increased production costs

• Uncertainty affecting business confidence

What strategy has the company used to diversify its business?

• Acquiring companies in different market segments

• Increasing prices of existing products

• Reducing the number of employees

• Focusing solely on high-end products

What is the company's visibility period for monitoring business trends?

• 30 days

• 60 days

• 90 days

• 120 days

Which sectors are the company's clients primarily focused on?

• Manufacturing and agriculture

• Service sector, including tech and healthcare

• Automotive and aerospace

• Retail and hospitality

What trend has the company not observed in the fourth quarter?

• Decreased demand for products

• Increased employee turnover

• Reduced work hours

• Higher material costs