IKEA Warns Supply Chain Disruptions Likely to Last Into 2022

IKEA Warns Supply Chain Disruptions Likely to Last Into 2022
The Ikea logo is pictured at company's booth during the Tokyo Game Show in Chiba Prefecture on Sept. 30, 2021. (Charly Triballeau/AFP) via Getty Images)
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STOCKHOLM—IKEA, the world’s biggest furniture brand, is leasing more ships, buying containers, and re-routing goods between warehouses as it works hard to mitigate a “perfect storm” of global supply chain disruptions which could last into next year, executives said.

The company, which earlier on Thursday reported record annual sales as locked-down consumers spent more than ever on their homes, is also reducing the number of versions of some products as it struggles with raw materials shortages to ensure its most popular items are available.