Indranil Roy’s Post

How is IKEA driving sustainability with its latest initiative? Jon Abrahamsson Ring, CEO of Inter IKEA Group, and Jesper Brodin, CEO of Ingka Group, introduce IKEA Preowned—a second-hand marketplace in Spain. This bold move extends furniture lifecycles, reduces waste, and tackles Scope 3 emissions, leading the retail sector towards a circular economy. #CircularEconomy #RetailInnovation #ClimateAction

IKEA Circular Hub And A Circular Economy🌍🏢 Hello! 📣 A prime example of effective warehouse design for reverse logistics is IKEA’s Circular Hub.💼🚀 Circular Hubs are dedicated sections within IKEA stores designed to collect, process, and resell second-hand IKEA products. The idea is to extend the lifecycle of IKEA furniture, reduce waste, and drive sustainability. Explore Our Cool Solutions 🌐 Yuneva: Discover how our tech can make your business better at www.yuneva.com. 🌟💼 Try Yuneva CountIt: Start making your inventory management easier today by visiting www.count-inventory.com. 🚀📊 We’d love to hear how modern technology has changed the way you manage your inventory! Share your stories with us! 🗨️🔗💡 🔗 Learn more about improving your inventory management at www.count-inventory.com. #WarehouseDesign #ReverseLogistics #Sustainability #Efficiency #Recycling #CircularEconomy #BusinessSolutions #Yuneva #YunevaCountIt Feel free to reach out if you have any questions or want to discuss how warehouse design can benefit your business. Happy optimizing! 😊

Adopting Circular Economy practices is one of the CEO priorities for 2025. ➡️ Case Study: IKEA IKEA has made significant strides in integrating circular economy principles. By 2030, the company aims to become fully circular, using only renewable and recycled materials. IKEA’s “buy-back” program encourages customers to return used furniture, which is then refurbished and resold. This not only reduces waste but also strengthens customer loyalty. Actionable Insights: ✅ Invest in Circular Design: Redesign products to be more durable, repairable, and recyclable. This can reduce material costs and attract eco-conscious consumers. ✅ Leverage Partnerships: Collaborate with recycling firms and sustainability-focused startups to innovate new circular economy solutions. Access full report CEO Priorities for 2025 https://hubs.li/Q02_rQF90 #ceo #circulareconomy #ikea #casestudy

𝗠𝗮𝘅𝗶𝗺𝗶𝘇𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: 𝗛𝗼𝘄 𝗕𝗶𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗧𝘂𝗿𝗻 𝑳𝒆𝒇𝒕𝒐𝒗𝒆𝒓𝒔 𝗶𝗻𝘁𝗼 𝗔𝘀𝘀𝗲𝘁𝘀 In today’s competitive market, efficient inventory management is not just a logistical necessity; it's a critical component of a company's financial health and sustainability efforts. For large corporations, dealing with leftover inventory can be particularly challenging. Whether it's excess stock from overproduction, returned items, or products that didn’t sell as expected, these inventories represent tied-up capital that could potentially turn into losses if not handled strategically. However, many big companies have found innovative ways to breathe new life into these remaining inventories, turning what could be a liability into a valuable asset. One standout example is 𝑰𝑲𝑬𝑨, the world-renowned furniture retailer. IKEA has long been a leader in sustainability, and their approach to animal waste is unique. Through its 𝑪𝒊𝒓𝒄𝒖𝒍𝒂𝒓 𝑯𝒖𝒃 (formerly known as "𝑨𝒔 𝑰𝒕 𝑰𝒔"), IKEA resells products that have minor defects, have been discontinued or returned by customers. Instead of throwing these items away, they offer a discount and reduce waste. But IKEA doesn't stop there - it also turns surplus materials into new products. For example, wood left over from manufacturing can be used to make smaller items or components, reducing waste and increasing resource efficiency. This strategy not only helps IKEA to reduce costs, but also strengthens their commitment to sustainability - a value that reflects their customer. By creatively managing inventory, IKEA turns costly problems into opportunities to increase customer loyalty and reduce environmental impact. The concept of a circular economy, where products and materials are reused and recycled, is very important in today's business world. Companies like IKEA are leading the way, showing that with the right thinking and strategies, the rest of the furniture can be a source of innovation and growth, not a burden. You can share ideas about sustainable practices that drive business success and protect the environment, Comments are open 🤝😊 #lagerstyring #inventories #circulareconomy #businessstrategy #IKEA #wastereduction #new 

Heard about purpose-driven marketing? Well, IKEA is nailing it! This Swedish furniture giant isn't just about affordable flat-packs anymore. They're on a mission to make sustainability accessible to the masses, and their results are turning heads: • Climate Footprint: Slashed by 22% since 2016, while growing their business • Renewable Energy: 25 IKEA retail markets now run on 100% renewable electricity • Circular Economy: 430,000 items given a second life through their buyback and resell service • Innovation: Introduced bio-based glue and explored recycling technology for fibreboard IKEA's Chief Sustainability Officer, Karen Pflug, puts it best: "The world is facing many challenges – climate change, increasing nature loss and rising inequality, to name a few – but we are determined to be part of the solution." What's impressive is how IKEA weaves sustainability into every aspect of their business: Product Design: From using recycled wood in fiberboard to creating tableware from ceramic production waste Customer Engagement: Providing 23.2 million spare parts to extend product life Supply Chain: 408 factories and suppliers now use 100% renewable electricity IKEA's approach shows that purpose-driven marketing isn't just about feel-good campaigns. It's about fundamentally rethinking how business is done. They're proving that sustainability, innovation, and profitability can go hand in hand. #Sustainablebusiness #Purposedrivenmarketing

Not sure if I’ve shared this before, but IKEA is really setting the bar when it comes to sustainability! It’s one thing for a brand to talk the talk about being eco-friendly, but it’s another thing entirely to actually do the work. IKEA isn’t just putting out greenwashing slogans—they’re backing their words with significant action. Through their “People & Planet Positive” strategy, IKEA is proving that design, functionality, and sustainability don’t have to be separate. 𝗛𝗲𝗿𝗲’𝘀 𝗷𝘂𝘀𝘁 𝗮 𝗴𝗹𝗶𝗺𝗽𝘀𝗲 𝗼𝗳 𝘄𝗵𝗮𝘁 𝘁𝗵𝗲𝘆’𝗿𝗲 𝗱𝗼𝗶𝗻𝗴: ✅ IKEA was the first major retailer to exclusively sell LED bulbs, both in-store and in their facilities. ✅ They’ve installed one million solar panels on 370 buildings and built 535 wind turbines. ✅ They’re sourcing 97.8% of their wood from sustainable sources like FSC-certified forests or recycled materials. And they're not stopping there! IKEA is aiming to be a circular business and climate positive by 2030, with over $1 billion already invested in sustainability efforts. Supporting brands that deliver on their promises is essential for driving meaningful change. However, not every company that markets itself as “green” truly is. Want to know how to spot greenwashing and avoid being misled? Check out our blog post here: https://lnkd.in/gQfdNqmE What are your thoughts on brands like IKEA who are making real, impactful change? Do you think more companies should hold themselves accountable like this? #Sustainability #IKEA #EcoFriendly #ClimatePositive #RenewableEnergy #CircularEconomy #SustainableLiving #PeoplePlanetPositive #GreenBusiness

IKEA's success can be attributed to its innovative business practices, focusing on efficiency, sustainability, and customer experience. *Best Business Practices:* 1. Flat Packaging: Innovative design reduces shipping costs and environmental impact. 2. Self-Assembly: Customers assemble products, reducing labor costs. 3. Supply Chain Optimization: Vertical integration and strategic partnerships. 4. Sustainable Materials: Use of renewable resources and recycled materials. 5. Cost Leadership: Low prices through efficient operations. 6. Customer Experience: Showrooms and restaurants enhance shopping experience. 7. Global Standardization: Consistent branding and operations worldwide. 8. Employee Engagement: Focus on diversity, inclusion, and development. *Leadership and Management:* 1. Founder Ingvar Kamprad's vision and values. 2. Decentralized decision-making. 3. Empowerment of employees. 4. Continuous innovation. *Innovation and Technology:* 1. Virtual Reality (VR) showrooms. 2. Online shopping and home delivery. 3. Sustainable product design. 4. Renewable energy sources. *Sustainability Initiatives:* 1. Renewable energy targets. 2. Waste reduction and recycling. 3. Sustainable forestry practices. 4. Electric vehicle fleet. *Awards and Recognition:* 1. "World's Most Sustainable Company" (Corporate Knights). 2. "Best Retailer" (World Retail Congress). 3. "Top Employer" (Top Employers Institute). *Books:* 1. "IKEA's Path to Global Success" by Öyvind Swedish. 2. "The IKEA Story" by Bertil Torekull. *Case Studies:* 1. Harvard Business Review: "IKEA's Global Sourcing Challenge". 2. McKinsey: "IKEA's secrets to success". 3. Forbes: "IKEA's Innovative Business Model".

IKEA is doubling down on sustainability! Introducing IKEA Preowned in Spain—a second-hand marketplace for buying and selling pre-loved IKEA furniture. The initiative embraces circular economy principles, extends furniture lifecycles, and cuts Scope 3 emissions. #CircularEconomy #SustainableLiving #Scope3, Jon Abrahamsson Ring, Jesper Brodin https://lnkd.in/eX3xuGtq

At Ingka Group, we can prove that affordability, sustainability, and growth are not just compatible - they are essential for shaping a better future. 🌿 We’ve reduced our climate footprint by 30.1% since FY16, grown our business by 23.7%, and invested EUR 2.1 billion to lower prices on thousands of products, making home life more affordable for everyone.   Our purpose is simple: to create a better everyday life for the many people. This goes beyond providing affordable, functional products—it’s about offering services that help people live more sustainably. From IKEA Preowned, our second-hand furniture marketplace, to helping customers make their homes more energy-efficient, we’re making sustainable living easier.💡 Read more about this and other initiatives in our newly launched Annual Summary & Sustainability Report. A huge THANK YOU to all our colleagues for making this possible!💚 https://lnkd.in/dvs3M2Wx #Sustainability #GrowthWithPurpose #Affordability #SustainableLiving

How often do you replace your furniture? For most Americans, the practice of throwing out old furniture is common. This process can be time consuming and inconvenient on consumers part. It also creates large amounts of waste. Companies like IKEA are stepping up with a solution. In 2023, the company's sustainability effort led to a 12% decrease in its climate footprint. The company created this improvement by offering consumers ways to keep or return old merchandise. For example, IKEA buys back items for store credit and earns a 15% online bonus when buying a new item. In 2023, IKEA also shipped out 23 million spare parts, a less expensive alternative to replacing an item for consumers while reducing waste. Secondhand items are also resold to others, a practice that IKEA plans to expand by creating a verified reselling community, a market they already make up 10% of. All of these initiatives are sustainable and cost-effective for consumers and the business. #Ikea #SustainableBusiness #ReducingWaste #SecondhandFurniture