IKEA store warehouses in Europe are full, as they were before the plague, after bottlenecks in the area in the area, according to the retail manager of the Ingka Group, which owns most IKEA stores around the world.
According to Tolga Onko, Ingka Group’s retail manager, the company’s inventory was back before the crisis. He said, “If you look at Europe our stores have returned to the same inventory levels as we were in 2019. It happened very recently, and now is the time to start expanding the range again,” he said in an interview at the opening of IKEA’s first store in Stockholm.
A large portion of IKEA products are manufactured relatively close to the company’s sales markets. About 70% of the products sold in Europe, where IKEA holds most of its turnover, are manufactured on the continent. “We have started to see relief in the transport corridors, the flow of goods is improving, the transport times from the suppliers to our stores are shortening,” said Onko, who spoke about Europe and stressed that problems remained elsewhere. “What we are seeing (in Europe) is that the corridors that were clogged are opening up. The suppliers of our trucking are telling us ‘we have more capacity to move your goods,'” he concluded.
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