The Swedish furniture giant expects problems next year.
Swedish furniture giant Ikea has returned to pre-crown business levels in the last financial year, which ended in August, despite supply chain problems. It recorded 41.9 billion euros in revenue, 6% more than the previous year and 1% more than in 2019.
“It wasn’t easy. Ensuring full shops and warehouses was a big challenge,” they wrote in the business report to Inter Ikea, which is part of the Swedish group. Supply chain problems are also expected during the new fiscal year.
With the gradual reopening of the economy after the covida-19 pandemic, suppliers had great difficulty in recovering the growth in demand, the company stressed, especially highlighting the shortage of shipping containers, which left the goods trapped in ports.
Despite the difficulties, the Ingka group, which controls 378 of 422 Ikea stores worldwide, also saw a 6% increase in revenue, according to French news agency AFP. Growth was driven primarily by online sales and changes in consumer buying habits. Many people were forced to work from home, so the demand for office and garden furniture and storage increased, according to the AFP report.
Ikea is introducing some innovations, it is supposed to abolish what is bothering many