Economic Sensitivity and Housing Market Fluctuations: Demand for flooring products is highly correlated with residential and commercial construction activity, renovation rates, and consumer confidence, making the company susceptible to economic downturns and interest rate changes.

Raw Material and Energy Cost Volatility: Fluctuations in the prices of key raw materials (e.g., petrochemicals, wood, clay, glass) and energy can significantly impact manufacturing costs and gross margins, which may not always be fully passed on to customers.

Intense Competition: The global flooring industry is highly competitive with numerous domestic and international manufacturers, leading to pricing pressure, market share challenges, and the need for continuous product innovation.