Monthly Archives: July 2022

  1. NY Now lounge to spotlight Zuo’s Allison Eden collection

    NY Now lounge to spotlight Zuo’s Allison Eden collection

    Zuo’s recent collaboration with designer Allison Eden will be in the spotlight at next month’s NY Now show when the company returns to the cutting-edge design show for the first time since 2017.

     

    Zuo’s signature mid-century modern furniture – including several pieces covered with Eden’s mosaic-inspired fabrics – will be featured in a high-profile lounge for designers that will be located adjacent to the main show entrance.

     

    NY Now organizers say the goal is to give designers a focal point to reconnect since the organization has not held an in-person trade show in more than two years. Plus, the event likes to highlight works by New York City natives such as Eden. (Her studio currently is in Brooklyn.)

     

    “It gives our audience a chance to experience a fun and elevated take on class

    Read more »
  2. Container rates are declining – but it’s premature to celebrate

    Container rates are declining – but it’s premature to celebrate

    Finally, there’s some good news about ocean container shipping rates. They’re actually trending down.

    We know that’s hard to believe – especially if you’re a retailer, manufacturer or designer who has watched freight bills rise astronomically the past two years – but the widely-watched Drewry World Container Index is down 16 percent from a year ago. And the consulting firm Drewry Supply Chain Advisers, which compiles the data, believes it will continue to slowly decline over the next few weeks.

    At the end of June, Drewry’s composite index of rates for a 40-foot container on major east-west shipping lanes stood at $7,066. That’s down 16 percent from $8,399 year ago, and down 32 percent from its peak of $10,377 in September 2021.

    But the composite index is still more than double the five-year average rate of $3,490 per 40-foot container, so don’t break out the champagne just yet.

    On the popular Shanghai-to-Los Angeles route used by many furniture manufac

    Read more »