IKEA, the world's biggest furniture brand, reported record high annual retail sales despite global supply chain disruptions as housebound consumers spent more on their homes
Sees supply chain disruptions continuing in 2022
"It is re-steering and re-routing. And on the retail side we have learned agility like never before because everyday you have to work with what you have. You have to find ways to solve customer needs with limitations that we have never seen before," said Jesper Brodin, CEO of Ingka Group which owns most IKEA stores.
Brodin said no-one at IKEA had anticipated the current global supply chain crisis, and that there would need to be a preparedness in future for unexpected swings in supply. Ingka said separately its retail sales rose 6% to 37.4 billion euros. That was 2% higher than pre-pandemic levels, Brodin said.
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