|João Magalhães: As known, shifts in product demand have occurred due to the pandemic, which affected the adhesives industry overall.In fact, early in the pandemic, we also saw a slowdown or some erratic purchasing patterns in certain segments, but many of those are picking up again on top of very strong demand fordifferent woodworking segments.
Changes we made to our organizational structure, the investments we made in technology and innovation, the agility of our operations, and our team’s growth mindset give us confidence that H.B. Fuller will effectively execute our strategy in 2021 and beyond, and continue to build on our strong global performance.
Our team has done a remarkable job of supporting customers through supply shortages by working closely to manage inventories and available materials. The near-term disruptions we are navigating are considerable, but they are temporary, and supply chain is expected to normalize to a more balanced level by the end of 2022.
One thing is sure, we never stopped developing our adhesive in close contact with our customers and we see our industry coming together very strongly. Andas said,boosting our digital channels have been helping ustowards our growth objective. In parallel, and while being aware the threats are still there,wekeep following the national authorities’protocols wherever our teams are,to ensure we continue producing and meeting our customers in a safely manner.
We are optimistic and envision a continuation of the strong recovery for our industry until the end of the year, whilstwewill continue to see high pressure on raw material costthat need to be correctly balanced.