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Recently, Canadian furniture production costs have seen a significant upward trend, and shipping times have increased exponentially. As manufacturers face significant increases in material costs, supply shortages and extended material acquisition times.

Rick Ripoli, president of Stylus Made To Order Sofas in Burnaby, British Columbia, Canada, said in his 40 years in the manufacturing and wholesale business, he had never seen such dramatic price increases and supply chains. problem.

Nearly every raw material needed to make a product at the Burnaby factory is more expensive, he said; in individual cases, production costs have increased by as much as 35 percent in some months compared to the previous month. In addition, businesses are also facing supply shortages.

Ripoli said he usually raises prices once a year, but in 2021 he will have to raise prices six times to catch up with rising manufacturing costs. He expects these costs to remain high throughout 2022, and that these increased costs will only be passed on to customers.

Rick Bohonis, a retail consultant at Retail Market Research, said there are multiple factors behind the increase in furniture costs, including the shutdown in early 2020, the tariffs Canada imposed last year, and supply issues.

He also said that consumers will see furniture prices rising by at least 10% to 15% in the short term, and that prices will continue to climb in the coming months. "Furniture prices will continue to rise, because furniture companies have been unable to withstand the impact of material price increases and have to let consumers bear it." He said.