IKEA Company has a global supply chain with sales in over 250 own stores in around 24 countries across the globe and 32 outside franchises in 16 countries. The company's stores are supplied directly from the 1350 suppliers or through 31 distribution centers in over 50 countries. As a result, the firm's supply chain has an international spread comprising of sales and purchases across major regions in the world. Since inception, the growth of IKEA has been remarkable as its sales continue to increase and grow. As part of its strategy to ensure increased growth of its business operations, IKEA has plans to open approximately 20 new stores annually within the next five years in order to double its sales. The growth of the firm and increase in sales is despite of the challenges in supply chain planning, which makes some businesses to change up to 30% of its assortment...
[ View Full Essay]