Supply Chain Research

The Indian government may extend its “Make in India” economic development policy which is centered on tariffs to the furniture industry. Imports have actually contracted recently with a 2.3% year over year decline Indian imports of furniture in the 12 months to Oct. 31. The tariffs would increase frictions with China which represented 62.7% of total imports. Furniture importers at both ends of the quality spectrum will need to decide whether to change sourcing or just raise prices in response to the tariffs. Imports linked to Ikea and office specialist Steelcase have both surged recently...