This report provides an in-depth analysis of IKEA's business challenges and its strategies for creating a positive social impact. The report begins by outlining the various challenges IKEA faces, including international trade regulations, supply chain disruptions, the impact of the COVID-19 pandemic, legal restrictions, and complexities in managing operations across multiple countries. It also explores the challenges related to supply costs, changing customer behaviors, and the need for continuous supply. The second part of the report focuses on IKEA's considerations for creating a positive social impact, emphasizing the importance of integrating social responsibility into its core business model, addressing local community impacts, and adapting to online business practices. The report highlights IKEA's commitment to sustainable development and its efforts to build a truly sustainable business model, considering factors such as labor practices, product impact, supply chain considerations, and environmental impact.
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