• Ikea says product shortages will last well into the summer of 2022

    3 days ago - By Business Insider

    Prepare for ongoing delays and shortages at Ikea.
    Robert Michael/picture alliance via Getty Images
    Ikea said supply chain problems continue to cause delays and shortages at its stores.
    These shortages would likely last well into 2022, the CEO of its parent company told the FT.
    Experts also say that the supply chain shows no sign of recovery.
    Swedish flatpack giant Ikea is expecting product shortages and delays to last well into the summer of 2022. In an interview with the Financial Times , Abrahamsson Ring, CEO of Ikea's parent company, Inter Ikea, said that supply chain challenges had...
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  • Half of new hires leave for a different job, a food wholesaler says, blaming competition for staff during a labor shortage

    3 days ago - By Business Insider

    A Brakes' worker unloading a truck.
    JUSTIN TALLIS / Contributor via Getty images
    A supply chain director told the BBC that half of his firm's new starters left for other jobs.
    A labor shortage means competition for workers is fierce in many industries.
    Mark Jenkins, of food wholesaler Brakes, said the company had raised wages by up to 20%.
    A food wholesaler that has raised wages by up to 20% to attract new staff says that for every two people it hires, only one ends up staying because of competition for workers during a labor shortage. Mark Jenkins, a supply chain and operations director...
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