September 07, 2021
The year-end holidays are near. Like clockwork, homeowners are looking to refresh their interiors, purchase new furniture, and optimize their space for Deepavali, Christmas and plan for the upcoming Chinese New Year in 2022. With 3 important cultural and religious festivals approaching where families and friends can reunite to dine, drink, and dance, our homes play a big part in these gatherings.
Singapore’s furniture retail sector was brought to its knees when the pandemic broke out last year in 2020. Agile businesses have adapted and recalibrated to the new normal, but it will take time to return to pre pandemic levels of efficiency.
Although we can see the light at the end of the tunnel with Singapore’s high vaccination rates and endemic strategy leadership, the rest of the region is not faring so well.
Firstly, global shipping routes are still being affected by reactive lockdowns to halt the infectious Delta variant. The world’s furniture manufacturing hub, China, has put over 20 cities in lockdown since the beginning of August 2021, affecting interstate travel and logistics, which resulted in factory closures and jammed ports.
Around South East Asia, Indonesia, Vietnam, and Malaysia who supply 70% of Singapore’s furniture are under lockdown as the Delta variant cripples healthcare capacities and movement of goods. People are not allowed to leave their homes and factories are closed to stop the spread. Restrictions for healthcare and safety, such as frequent testing and increased bureaucracy means slower traffic and delays of shipment onto our shores.
Secondly, these lockdowns caused transportation prices to hike up. These revised changes aren’t fixed for every trip. Volatile pricing leads to inconsistent overhead calculations which in return will raise the cost per unit for furniture. There are shipment delays for Singapore retailers with up to 5 months worth of backlog orders.
With the pandemic raging on and borders remaining shut, the supply chain will not run smoothly and are expected to continue into 2022. Price hikes are certain.
To weather through this storm, Picket&Rail has prepared stocks of our popular furniture pieces for immediate delivery. Our best-selling Americana solid wood dining sets, Americana solid wood beds of all sizes, and KUKA top grain leather sofas in multiple colours are ready to be shipped at a moment’s notice. They’re all on sale now, so get them before prices go up!
Our new launches, such as the Norya premium customized dining tables for larger homes, RTG wardrobes, kids bunk beds, and kitchen cabinets are open for orders. Get them in time for Christmas and Chinese New Year when you order now.
Members enjoy an extra 30% off on our scented and unscented candles in one-of-a-kind, flashy jars. Great for Deepavali and aromatherapy at home.
Collect Picket Points through our membership to offset any furniture and meat purchases. Members receive exclusive discounts and furniture support too, all for free. Sign up with us today and claim your FREE 750 points (worth $15)!
May 29, 2021
Malaysia's lockdown has big impacts on the Singapore retail industry, which includes electronics, textiles, furniture, raw materials and more. Read on to find out what you can do as a consumer.
May 20, 2021
Furniture retail in Singapore is bearing the brunt of Covid-19 losses. Global cargo shortages due to closed borders and factories at half-capacity are making it harder for retailers to navigate this uncertain climate. What’s causing this seismic shift? Read on to find out more.
April 28, 2021