Read the strategies for success by 100 wood products manufacturers
Now in its 34th year, this exclusive annual report details the successful strategies put in place by 100 North American secondary wood and panel products manufacturers to grow their businesses in the furniture, cabinetry, architectural woodwork, store fixture, components, closet systems and other industry markets. (Click on the chart for a larger view of the factors contributing to the success of this year's WOOD 100 class.)
Read the strategies put in place by the 2023 WOOD 100:
Marketing Initiatives
Business Strategies
Productivity Enhancements
Technology Integration
Product Innovations
Customer Service
The overall outlook remains bullish for the WOOD 100, despite continued economic concerns and a rash of closures and acquisitions by some of the industry’s giants. Of those that responded, 75% said they expect 2023 sales to exceed those of last year, and 85% are optimistic both 2023 and 2024 sales overall will be “good” or “excellent.” (Click on the charts for a larger view.)
When asked about their top concerns, not surprisingly the economy and employee recruitment/retention were the top two, followed by a tie between profit margins and employee skills. Supply chain challenges, a top three concern last year, dropped to the sixth spot.
Submissions for the 2024 WOOD 100, companies will begin in summer. In order to qualify, wood products manufacturers must have generated sales of at least $250,000 for the past 3 years. For information contact Karen Koenig.
See who increased their sales. (Based on 2022 sales information provided by companies; sales disclosure was not a requirement for participation.)
Who's included in the 2023 WOOD 100? See the alphabetical listing.
See the master list of all WOOD 100 companies since 1990.
Read the FDMC October 2023 Leadership issue online
