IKEA Drops Chinese Suppliers In Favour of Italian Manufacturers
Swedish furniture giant, IKEA, has said it will be closing several plants in China and Malaysia as the company sought to expand its investment in Italy. According to IKEA, the decision was motivated by cost savings, as Italian manufacturers are able to produce better quality goods at lower prices.
In a statement released on Tuesday, CEO of IKEA Italy, Lars Petersson, said Italy was capable of providing better quality products at a competitive rate. Explaining IKEA’s decision, he said:
