With lower shipping and energy cost in Asia
The ongoing conflict in Ukraine has led to a surge in energy costs in Europe, resulting in unprecedented levels of inflation. However, as of now, China has not experienced a significant impact. Given the lower shipping and energy costs to Europe, European brands may consider turning to China once again to fulfill their manufacturing requirements.
China possesses the capability to meet the global demands for furniture manufacturing. Furthermore, in light of the current energy crisis, Chinese factories offer lower production costs compared to their European counterparts. Additionally, shipping costs have decreased, resembling pre-COVID levels. Moreover, there are increased opportunities in China to utilize recycled materials or reused components, allowing brands to achieve their sustainability targets.
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