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Maximizing MFI's Furniture Market Potential with Innovative Products

Explore MFI's product offerings and sourcing opportunities from Asia to supply the UK market with high-quality fitted kitchens, bedrooms, beds, and home office furniture. Learn about NPD importance in the furniture marketplace.

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Maximizing MFI's Furniture Market Potential with Innovative Products

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Presentation Transcript

  1. Topics • An overview of MFI • The furniture marketplace • MFI’s product offer • Sourcing from Asia • Opportunities

  2. MFI fitted kitchens • flat pack carcase • lower/mid price range • rigid carcase • mid/upper market pricing • appliances

  3. Valencia

  4. Rimini

  5. Hudson

  6. Tuscany

  7. Appliances: cook centre in Tribeca

  8. MFI bedrooms • flat pack • low/mid price range • adult and kids • flat pack • mid/upper pricing • adult

  9. Genoa

  10. Fjorden

  11. Loire

  12. Boston

  13. MFI ‘centre floor’ • Beds

  14. Beds: Ocean

  15. MFI ‘centre floor’ • Beds • Home office

  16. Home Office: Aquarius

  17. Home Office: Cosmos and Akira

  18. MFI ‘centre floor’ • Beds • Home office • Dining • Shelving/storage

  19. Dining plus: Lyon

  20. Dining plus: Barcelona

  21. The Importance of NPD • Product lifecycles are shortening • 14 new kitchen ranges introduced in last 12 months • They account for 43% of sales • 6 feature in the top 10 ranges and they account for 30% of sales

  22. Topics • An overview of MFI • The furniture marketplace • MFI’s product offer • Sourcing from Asia • Opportunities

  23. Sourcing from Taiwan: a UK perspective • Heritage of furniture production • Strong production and marketing management • Regional production capabilities Existing strengths

  24. Sourcing from Taiwan: a UK perspective • UK or European-based admin/marketing office • UK or European-based warehousing Additional benefits

  25. Skills of preferred partners (1) • Competitive pricing • Short lead times • Accurate delivery quotes • Good communication skills Commercial

  26. Skills of preferred partners (2) • Recognise lower volume/higher price opportunities • Fast product development from specification drawings or samples • Good quality assurance Product focussed

  27. Topics • An overview of MFI • The furniture marketplace • MFI’s product offer • Sourcing from Asia • Opportunities

  28. Opportunities to supply the UK market • Understand and capitalise on market trends (development of contemporary designs) • Invest in production of new style products • Respond to market-driven speed and reliability of delivery • Use experience and financial strength to maintain reputation for best price and quality

  29. MFI looks forward to a growing partnership with ROC suppliersThank you

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