📺 Stream EntrepreneurTV for Free 📺

IKEA Says Ever Given's Suez Canal Delay Should Only Have 'Minor Impact on Availability' The home-furnishings giant had 110 containers of products stuck on the recently freed cargo vessel and ships in its shadow.

By Kenny Herzog

entrepreneur daily

Remember that enormous cargo ship that was stuck in the Suez Canal for nearly a week until it was finally dislodged yesterday morning? Of course you do. It was yesterday morning. Lightheartedness aside, the Ever Given's bottleneck caused a near-crisis for for major retailers and name-brand manufacturers worldwide — not only on account of the precious goods within its containers, but also because of the chain reaction of delays among smaller cargo ships seeking passage.

In our curiosity about how close those tense several days came to crippling supply chains and leaking corporate profits, we reached out to representatives for IKEA, who reportedly had 110 containers of goods left in limbo thanks to the maritime fiasco. In response, an IKEA Sweden spokesperson sent us the following statement:

"We can confirm that there [are] approximately 110 containers with IKEA products onboard the stranded vessel destined for different IKEA markets on the blocked vessel and on vessels that are waiting to make passage via the Suez Canal. The blocked canal is impacting our total flow of goods out from Asia Pacific. There is a variety of products within our product range in the specific containers. Our estimate is that the Suez Canal blockage will only have minor impact on availability.

[After] yesterday's morning's positive news from the Suez Canal Authority that the vessel is now refloating, we estimate that the accident in the Suez Canal will have a minimum impact on the availability of our products. We are closely monitoring the development together with the shipping lines and hope for a continued successful rescue mission.

Related: Large Container Ship Finally Freed From Suez Canal

In other words, don't fret: The pieces for your self-assembly home-entertainment kit should be arriving just in time for the warm weather to entice you back outside for the next six months.

Kenny Herzog

Entrepreneur Staff

Digital Content Director

Kenny Herzog is currently Digital Content Director at Entrepreneur Media. Previously, he has served as Editor in Chief or Managing Editor for several online and print publications, and contributed his byline to outlets including Rolling Stone, New York Magazine/Vulture, Esquire, The Ringer, Men's Health, TimeOut New York, A.V. Club, Men's Journal, Mic, Mel, Nylon and many more.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

Leadership

Why Companies Should Prioritize Emotional Intelligence Training Alongside AI Implementation

Emotional intelligence is just as important as artificial intelligence, and we need it now more than ever.

Business News

Elon Musk Tells Investors Cheaper Tesla Electric Cars Should Arrive Ahead of Schedule

On an earnings call, Musk told shareholders that Tesla could start producing new, affordable electric cars earlier than expected.