Today, Maersk and Singaporean furniture retailer, Castlery announced a multi-year global integrated logistics and fulfillment partnership.
Maersk’s landside facilities and expertise in these markets will create additional values for Castlery to optimize time and cost savings at various points along the logistics and fulfillment chain as it expands into international markets, including Australia and the United States, which accounted for 80% of the firm’s total revenue.
The collaboration grants Castlery the option of delivery, all while narrowing their average wait times to above and beyond the industry standard of waiting three to six months to within one to two months, formulating a new industry champion.
Declan Ee, a co-founder of Castlery.com, expressed excitement for his company’s expansion: “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 for 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.”
In the agreement, Maersk is set to expand Castlery across 50 metropolitan areas in the US that have a secured ocean capacity. Maersk will also improve integration amongst freight and warehousing fulfillment efficiencies with more transparent data.
Maersk’s managing director of Maersk Thailand, Malaysia, and Singapore, Rupesh Jain, made the partnership make sense when he promoted Maersk’s capabilities. “Maersk offers seamless Omni-channel fulfillment and last-mile delivery by utilizing our worldwide integrated logistics network. In addition to long-term commitments to ocean space, which effectively exclude any extra nodes that may strain Castlery’s supply chains.”
With Maersk as a significant partner in this expansion, Castlery plans to raise its overall storage capacity by five times worldwide.