What are the Key Challenges in Furniture Manufacturing?
Entrepreneurs in furniture manufacturing face several challenges, including:
1. High Initial Investment: Setting up a manufacturing unit requires significant capital for machinery, raw materials, and skilled labor. 2. Supply Chain Management: Efficiently managing the supply chain from material procurement to delivery is crucial for cost control and timely production. 3. Competition: The market is saturated with both established brands and small-scale manufacturers, making differentiation essential. 4. Regulatory Compliance: Adhering to environmental regulations and safety standards can be complex and costly.