Maersk Partners With Singaporean Furniture Retailer Castlery, Signs Multi-year Logistics Deal

Maersk has entered into a partnership with Castlery, a Singaporean furniture retailer, for a multi-year global integrated logistics and fulfilment agreement. By leveraging Maersk’s capabilities in managing supply chains amid ongoing disruptions, the partnership will enable Castlery to offer seamless delivery for its customers, reducing wait times for orders to one to two months, approximately three times faster than the industry average of three to six months.

As Castlery expands into international markets including Australia and the United States, which contributed to 80 percent of the firm’s total revenue, Maersk’s landside facilities and expertise in these markets will create additional values for Castlery to optimise time and cost savings at various points across the logistics and fulfilment chain.

Maersk has been a reliable partner to us since our early days, and we are very grateful for the continued partnership against the backdrop of a volatile macro environment and global supply chain uncertainties. Partnering with an integrated logistics partner like Maersk for the long-term gives us an edge in being adaptable and flexible to navigate disruptions and ensure efficient supply chain management. Timely delivery is critical in a digital-first furniture business and we remain steadfast in our commitment to provide a seamless shopping experience for our customers in Singapore and the international markets.  – Declan Ee (Co-founder of Castlery.com)

With Maersk’s strive to offer truly integrated logistics solutions that connect and protect customers’ supply chains, strong warehousing and distribution capability is essential to enhance customers’ supply chain performance and agility to respond to the rapidly changing market conditions. In the partnership agreement, Maersk will help Castlery scale its business in the US across 50 metropolitan areas with secured ocean capacity, improved integration between freight and warehousing fulfilment efficiencies, and more transparent data sharing that leads to strengthened inventory management.

With a shared goal of creating value and improving customer experiences, we are proud to be a part of Castlery’s growth journey. Maersk Singapore has successfully tapped into our global integrated logistics ecosystem to mount a solution that provides seamless omni-channel fulfilment and last mile delivery for Castlery’s customers. This is in addition to long term ocean space commitments which in effect cuts out any unnecessary nodes that can put strain on Castlery’s supply chains. – Rupesh Jain Managing (Director of Maersk Thailand, Malaysia and Singapore)

Castlery’s international expansion has allowed the brand to leverage the global demand from discerning, internet-savvy urban millennials for affordable modern furnishing. Catering to the needs of this fast-growing international customer base, Castlery is partnering with Maersk to further expand its warehouse capacity, with two more new warehouses in the US set to open by the end of 2022. Globally, Castlery intends to increase its total warehouse capacity by five times, with Maersk as a key partner in this build out.

Reference: Maersk

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Source: Maritime Shipping News