Furniture prices soar due to supply chain issues, increased cost of materials - News Summed Up

Furniture prices soar due to supply chain issues, increased cost of materials


The cost of furniture increased last year, and manufacturers expect costs to continue to climb in 2022. (Ben Nelms/CBC - image credit)The cost of furniture is climbing and shipping times are exponentially longer as manufacturers face significant cost increases for materials, supply shortages and longer wait times to get those materials. Rick Ripoli, president of Stylus Made To Order Sofas based in Burnaby, B.C., says in his 40 years in the manufacturing and wholesale business, he's never seen prices increase and supply chain issues quite like what he's seeing now. He expects those cost increases to continue through 2022. The company says its biggest cost increases are due to transportation costs and prices for raw materials in North America and Europe.


Source: CBC News January 14, 2022 19:12 UTC



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