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Get Ready for Significant Price Increases in The Mattress Industry 26 Oct 2021 06:13 #11

  • MFC
  • MFC's Avatar Topic Author
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  • Expert Member - Retailer
  • Expert Member - Retailer
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6 months have passed since the last update so here are the new developments.

Inflation is not transitory and keeps making our job as mattress makers a chalenge. Most increases are related to ocean freight and we have no solution for these inceases.

Our containers now cost up to $17,000 from Asia (that's if you can get one), as before the pandemic it was about $2000. Ocean freight conditions keep getting worse by the day and there’s no end in sight.
The cost of raw fabric is up 35% in the last 2 months.
We can't get any pillows for a while due to the fabric issue overseas.
4lb and 5lb memory foam has seen a 35% and 60% price increase in the last 6 months.
Raw materials used to make 4lb and 5lb memory foam are now in short supply and it can take up to 1 month to get our regular orders.
Latex will be going up in the next month and from what we heard from our suppliers it will be quite significant.

The bottom line is that everyone is facing the same thing or worse. Thankfully, the experts say there’s nothing to worry about!

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Get Ready for Significant Price Increases in The Mattress Industry 01 Nov 2021 22:08 #12

why would you expect a change when the pandemic and its effects are ongoing, and in 6 mths no less? Still a different problem from stimulus induced hyperinflation you began the thread with.

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