Furniture Industry Experiencing Biggest Boom In Decades

The video discusses the resurgence of the furniture industry in North Carolina, highlighting increased demand and challenges such as supply chain issues and a shortage of skilled labor. The Furniture Academy at Catawba Valley Community College is introduced as a solution to train new workers. Despite challenges, there is optimism for the industry's future, with expectations of significant market growth by 2025.

What has been a significant factor in the recent increase in demand for domestic furniture in North Carolina?

• A rise in international exports

• A decrease in imported furniture

• Government subsidies for furniture makers

• The nesting trend during the pandemic

What is one of the main challenges faced by the furniture industry despite the increase in demand?

• Lack of raw materials

• Shortage of skilled craftspeople

• High transportation costs

• Increased competition from Europe

What percentage of components does Century Furniture import for their products?

• 20%

• 5%

• 10%

• 15%

What initiative was established to train the next generation of skilled laborers in the furniture industry?

• Furniture Makers Association

• Furniture Academy at Catawba Valley Community College

• Skilled Craftsmen Initiative

• National Furniture Training Program

What is the potential annual salary for graduates of the Furniture Academy?

• $50,000

• $80,000

• $60,000

• $70,000