IKEA Parent Ingka Acquires Supply Chain Software Solutions Provider Made4net
Summary
“We are constantly looking to improve our business to better meet the needs of our customers,” Ingka Group Chief Digital Officer Wim Blaauw said in the release. Made4net’s SCExpert platform will be deployed across 482 IKEA locations — including fulfillment centers and stores — in 31 countries, Made4net said in a Wednesday press release. “The Made4net platform has had a long customer track record for fast implementation and the ability to pivot quickly with changing business and market dynamics,” Made4net CEO Duff Davidson said in the release. The $2.2 billion investment over the next three years will add new locations, strengthen its fulfillment network and expand its product line, the company said April 20. The Swedish company reported in October 2022 that while retail sales had increased, inflation had driven up prices, while supply chain hiccups made it harder to get merchandise into stores.
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