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How the IKEA Board Kept Flatpacks Profitable for 80 Years
IKEA's board structure is famously weird — a foundation in the Netherlands owns the operating company, and the founder's family controls the franchise. In this episode, Lucas and Luna unpack how that unusual governance let IKEA prioritize long-term investments, like buying forests and owning its own supply chain, while competitors like Target and Walmart struggled with logistics. They examine the 2021 supply chain crisis and how IKEA's board leased its own ships rather than pay spot rates. Specific numbers: IKEA owns 2.5 million acres of timberland, generates $47 billion in…
The skinny
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