IKEA makes Malaysia its regional distribution hub

IKEA makes Malaysia its regional distribution hubDo-it-yourself furniture chain IKEA, the world’s largest, will set up its regional distribution and supply chain center for Southeast Asia in Malaysia, the company announced on August 22. IKEA said it will invest about $219 million in the new center, which will adopt the structure and technology of IKEA’s biggest regional distribution center in Germany.

IKEA will manage an inventory of 9,500 stock keeping units worth RM6.6 billion annually, which ranks the center among the top ten largest regional distribution centers of IKEA Group globally. It is designed to serve 12 retail stores in ASEAN, whereby this number will increase  to 20 by 2026

According to the Malaysian Investment Development Authority (MIDA), Malaysia has always been a significant market for IKEA and its retail stores in Malaysia are among IKEA’s most visited stores globally.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the project, which resulted from continuous engagements and facilitation by MIDA, represents a significant milestone for both IKEA and Malaysia.

“IKEA’s decision of selecting our country as a base to support retailers in Malaysia, Singapore, Thailand, Indonesia, Vietnam, the Philippines and India underscores the strategic fit of this country in supporting IKEA’s overall growth strategy in the ASEAN region,” the minister said in the statement.

“The establishment also adds momentum towards making Malaysia a regional distribution hub and preferred logistics gateway to Asia as outlined in the National Logistics and Trade Facilitation Masterplan and National E-Commerce Strategic Roadmap

 



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Do-it-yourself furniture chain IKEA, the world’s largest, will set up its regional distribution and supply chain center for Southeast Asia in Malaysia, the company announced on August 22. IKEA said it will invest about $219 million in the new center, which will adopt the structure and technology of IKEA’s biggest regional distribution center in Germany. IKEA will manage an inventory of 9,500 stock keeping units worth RM6.6 billion annually, which ranks the center among the top ten largest regional distribution centers of IKEA Group globally. It is designed to serve 12 retail stores in ASEAN, whereby this number will increase ...

IKEA makes Malaysia its regional distribution hubDo-it-yourself furniture chain IKEA, the world’s largest, will set up its regional distribution and supply chain center for Southeast Asia in Malaysia, the company announced on August 22. IKEA said it will invest about $219 million in the new center, which will adopt the structure and technology of IKEA’s biggest regional distribution center in Germany.

IKEA will manage an inventory of 9,500 stock keeping units worth RM6.6 billion annually, which ranks the center among the top ten largest regional distribution centers of IKEA Group globally. It is designed to serve 12 retail stores in ASEAN, whereby this number will increase  to 20 by 2026

According to the Malaysian Investment Development Authority (MIDA), Malaysia has always been a significant market for IKEA and its retail stores in Malaysia are among IKEA’s most visited stores globally.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the project, which resulted from continuous engagements and facilitation by MIDA, represents a significant milestone for both IKEA and Malaysia.

“IKEA’s decision of selecting our country as a base to support retailers in Malaysia, Singapore, Thailand, Indonesia, Vietnam, the Philippines and India underscores the strategic fit of this country in supporting IKEA’s overall growth strategy in the ASEAN region,” the minister said in the statement.

“The establishment also adds momentum towards making Malaysia a regional distribution hub and preferred logistics gateway to Asia as outlined in the National Logistics and Trade Facilitation Masterplan and National E-Commerce Strategic Roadmap

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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