Home
Has the cost of cane furniture gone up?
Part four.
The credit crunch bites!! But not at Cane Direct we purchased our cane furniture. As we explained in our last post we purchased our furniture over twelve months ago, and believe me we purchased a heck of a lot!. What this means is that we can still offer our quality products at last years prices, so there will be no increase, unlike our competitors, we were not in the position to do this.
What has happened this year, is that all the prices in the furniture industry have had to go up, it first started at the start of the year with the oil prices increasing at a rapid rate, so the factories had no choice but to put their prices up because of the massive increase in energy, most of the factories are run by oil you see.
Then came the increase in shipping costs also because of the oil prices, on top of that the cost of the raw materials for cane furniture also went up, at the time it was not so bad because the dollar rate against the pound so good, we were getting over two dollars to the pound, so we did not have to worry to much these increases, not the case now the dollar rate has dropped badly against the pound and is looking to drop even more over the next few months with out making any recovery in the near future.
Oil prices have gone down, but its funny once a factory has a price increase they never bring the prices down again, but at Cane Direct you do not have to worry our cane furniture will stay the same price for the next twelve months.
