Robert Besser
03 Jul 2022, 16:42 GMT+10
DELFT, Netherlands: IKEA officials said this week that the furniture retailer's warehouses in Europe are as full as they were before the COVID-19 pandemic.
They noted that being fully stocked is due to the easing of transport bottlenecks in the region.
In order to reduce global supply chain disruptions during the pandemic and meet record demand, the company has been narrowing its range, leasing more ships, buying containers and re-routing goods between warehouses.
Tolga Oncu, retail manager at Ingka Group, told Reuters that in Europe the company's slimmed down range of goods was now fully stocked.
In an interview at the opening of IKEA's first inner-city store in Stockholm, Sweden, Oncu said, "If you look at Europe, our stores are back at the same inventory levels as we were in 2019. This has happened just recently. And now is the time to again start widening the range."
Meanwhile, those is the Swedish fashion industry said that while it was still being affected, supply chain disruptions and delays were gradually easing.
Some 70 percent of IKEA's products are manufactured in Europe, relatively close to its largest sales markets.
While warning that problems remained elsewhere, with regards to Europe, Oncu said, "We have started to see that some transport corridors are improving, the flow of goods is improved, and lead times from suppliers to our stores are shortening."
"What we see in Europe is that the corridors that were clogged are becoming unclogged. The suppliers of our transports are telling us 'we have more capacity now to transport your goods'," he added.
Get a daily dose of Pakistan Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pakistan Telegraph.
More InformationSOLOMON ISLANDS: In a move that opponents said is aimed at controlling and censoring the media, the government of the ...
WASHINGTON D.C.: In July, a Florida man was killed by exploding Takata airbag inflators, possibly becoming the 20th death in ...
Israel has launched an unprovoked war against the Palestinian resistance group Islamic Jihad. The Israeli army assassinated a high-ranking commander ...
ISLAMABAD, Pakistan - Pakistan categorically denied on Thursday that a U.S. drone strike in Kabul that killed al-Qaeda chief Ayman ...
EAST NUSA TENGGARA, Indonesia: Hundreds of Indonesian tourism workers went on strike this week to protest a sharp rise in ...
NASSAU, Bahamas: A team of explorers have announced that they have uncovered a treasure, including coins, gemstones and priceless jewels, ...
KUALA LUMPUR, Malaysia - After almost four years, the Bangladesh High Commission in Malaysia on Tuesday welcomed the first group ...
NEW YORK, New York - U.S. stocks fell Tuesday, with broad-based losses across the board. The technology sector, however, wore ...
ISTANBUL, Turkey: Turkey's current accounts are expected to record a deficit of $3.4 billion in June and end the year ...
SYDNEY, NSW, Australia - Stocks in Asia were mixed Tuesday while in the Pacific, markets rose. The scene mirrored events ...
DHAKA, Bangladesh: Bangladesh raised fuel prices by some 50 percent this week, which is aimed at reducing the country's subsidy ...
NEW YORK, New York - U.S. stocks closed mixed on Monday as investors fret about CPI data due to be ...