{"id":81367,"date":"2021-10-21T09:28:54","date_gmt":"2021-10-21T09:28:54","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/ikea-expects-product-shortages-last-well-summer-2022\/"},"modified":"2025-09-19T08:56:19","modified_gmt":"2025-09-19T08:56:19","slug":"ikea-expects-product-shortages-last-well-summer-2022","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/ikea-expects-product-shortages-last-well-summer-2022\/","title":{"rendered":"IKEA expects that product shortages to last well into summer of 2022"},"content":{"rendered":"

Ikea has become the latest retailer to warn on supply chain problems, saying on Thursday that stock shortages were likely to last another year.<\/em><\/p>\n

\u201cWe actually foresee that the availability and raw materials challenge will continue for the better part, if not the whole, of [the financial year to the end of August]. This is here for a longer period than we thought of at the beginning of the crisis,\u201d Jon Abrahamsson Ring, chief executive of Inter Ikea said.<\/p>\n

Reporting its annual results, the world\u2019s largest furniture retailer also said the pandemic had helped its business and sped up its transformation. Sales in the year to the end of August increased 6 per cent on the previous year to a record \u20ac41.9bn, boosted by an almost doubling in online sales.<\/p>\n

\"\"<\/a>Jesper Brodin (in the left photo), chief executive of the biggest Ikea franchisee Ingka, said in a separate interview that Ikea had accelerated its shift away from selling from big out-of-town stores to more city-centre shops and ecommerce sales, which have risen from 7 per cent of the total in 2019 and 18 per cent last year to more than 30 per cent now. \u201cThis situation has given us a boost like never before to speed up our transformation,\u201d he said.<\/p>\n

Ikea has used trains to transport goods from Asia to Europe and bought and hired its own containers as it still faces supply chain problems, along with nearly all retailers, because shipping prices have soared and ports have become congested worldwide.<\/p>\n

Ring said Ikea was unlikely to make big changes to its global supply chain as a result of the crisis, which occurred as retailers have tried both to restock and to deal with a huge wave of demand after the initial Covid lockdowns in Europe and the US last year.<\/p>\n

\u201cI don\u2019t see a substantial change or shift in how we do our supply chain or sourcing. We will continue to work very closely with a focused number of suppliers,\u201d he said.<\/p>\n

Ikea, which reports full financial results later in the year, was in the middle of the biggest transformation in its 78-year history \u2014 aiming to end its reliance on customers collecting and building their own furniture \u2014 when the pandemic hit.<\/p>\n

It has recently bought companies that build furniture for customers as well as augmented reality start-ups to help customers with home planning.<\/p>\n

Brodin said Ingka, which accounts for about 90 per cent of Ikea sales, had invested \u20ac2.2bn in recent years in new store formats including stores focusing only on kitchens or bedrooms, as well as smaller general shops in city centres, such as one to be opened soon in Stockholm.<\/p>\n

\u201cWe are still working hard on cracking the code around the product range and logistics. But the traffic has been phenomenal and has boosted our market share in cities,\u201d he added.<\/p>\n

Ikea has placed a heavy emphasis on sustainability at the same time as trying to cut prices as it enters countries such as India, leading to concern from some critics about disposable consumption.<\/p>\n

Brodin called it \u201cthis classic myth about low prices\u201d and argued that Ikea was showing \u201cthe new economy is built on being resource smart and thus being climate smart\u201d.<\/p>\n

It has invested in initiatives such as taking back used mattresses in the Netherlands and converting them into new products, as well as spending on renewable energy and promoting products such as plant-based meatballs and LED lamps.<\/p>","protected":false},"excerpt":{"rendered":"

Ikea has become the latest retailer to warn on supply chain problems, saying on Thursday that stock shortages were likely to last another year. \u201cWe actually foresee that the availability and raw materials challenge will continue for the better part, … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":58058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3301,3312],"class_list":["post-81367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-furniture","tag-ikea","topic-wood-furniture","area-europe"],"acf":[],"yoast_head":"\nIKEA expects that product shortages to last well into summer of 2022 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/ikea-expects-product-shortages-last-well-summer-2022\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IKEA expects that product shortages to last well into summer of 2022 - 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