Commerce Commission market study
In August, the Commerce Commission delivered its findings of the Building Materials Market Study. The study included a strong recommendation to establish a centralised, digital national key products' registry to increase trust in building supplies and encourage market participants to specify and utilise new products with confidence.
A product registry is commonplace in other industry sectors, including food and grocery and healthcare, where products are uniquely identified using GS1’s Global Trade Item Number (GTIN), and data is shared between suppliers and their trading partners and regulators via GS1’s platforms. The Commission’s report identified benefits in introducing a national products’ register including enhanced, sectorwide sharing of information about new or innovative building products and methods. A register could also make it easier for designers, builders and building consenting authorities to find information about available building products quickly and easily, potentially reducing the barriers for the use of different building products.
A fertile environment
The New Zealand building and construction sector has an ideal opportunity to embrace the technologies and innovations highlighted in GS1’s research. Our research called on Government to provide a fertile, transformative environment to lift productivity and sustainability goals in the sector through the adoption of standards and infostructure. We are very pleased to see the Government and others have listened and have taken the first steps to achieve this for the many benefits on offer.