Insights from Principia’s LBM Dealer VOC: Top Challenges Impacting the Industry

The past year has been challenging for the building materials and construction industry, with various factors impacting operations and profitability. Principia’s ongoing, monthly LBM dealer survey highlights the most significant challenge faced by dealer professionals in the past 12 months.

The most significant challenge reported by dealers was price increases, affecting 42% of dealers. The surge in prices has been driven by various factors, most notably inflation. Other contributing factors could include supply chain disruptions, raw material shortages, and increased transportation costs.

Price increases have strained profit margins and forced dealers to adjust their pricing strategies, often passing costs onto customers, impacting overall demand and customer satisfaction.

Principia’s monthly dealer survey highlights the challenges building material dealers have faced over the past 12 months. Price increases have tested the resilience and adaptability of dealers. It is crucial for building product suppliers to nurture their strategic partnerships to help mitigate the impact of price increases on their dealer partners.

Stay ahead of industry challenges by partnering with Principia, who can provide comprehensive market insights and strategic solutions. Contact us today to learn how we assist businesses in navigating market obstacles to achieve success.