Ikea Building Circular Case Study Rewrite
Discipline: Business Studies
Type of Paper: Case study
Academic Level: High school
Paper Format: APA
Please rewrite case study in your own words and add 5 different sources in APA (2017-2022) format with Doi format and 1 biblical source... only keep Simchi-Levi, D., Kaminski, P., & Simchi-Levi, E. (2021). Designing and managing the supply chain: concepts, strategies, and cases. Mcgraw-Hill.(Simchi-Levi et al., 2021).
IKEA: Building Circular Operations
Ikea is a Swedish furniture company founded in 1943 by Ingvar Kamprad. The initials of founder Ingvar Kamprad, Elmtaryd, the farm on which he grew up, and Agunnaryd, the nearby village, give the company its name. Its vision is to create a better everyday life for many people. Simcha-Levi (2021) reports that the company operates over 400 stores in 49 countries. The Inter IKEA Group has 40 factories that produce 9,500 products with 1,000 suppliers across the world. The IKEA chain produced 26 million tons of CO2 in 2017, equalling 0.1
percent of the world's total greenhouse gas emissions. Though a small number of greenhouse gases can be attributed to the company, it still actively seeks to reduce emissions.
The Impact of COVID-19 on Carbon Emissions
According to Tollefson (2021), after rising steadily for decades, global carbon dioxide emissions fell by 6.4%, or 2.3 billion tonnes, in 2020, as the COVID-19 pandemic squelched economic and social activities worldwide. Most scientists and researchers do not expect this to last. Many feel that things will return to normal after the pandemic ends, and emissions will rise drastically. The impact of this is the rising global temperatures. The reason for the decline in CO2 emissions during the pandemic was the lack of transportation movements. As Harvey (2021) reports, the transportation sector is the most significant contributor to greenhouse gas emissions in the United States. Reduced travel drove down the carbon emissions, particularly where citizens were spending more time at home due to quarantines and curfews. With the new economic downturn experienced in the United States, greenhouse gas emissions could drop further. If society begins to change its transportation pattern, like
carpooling or riding bicycles, it could further affect the CO2 emissions.
Risk Chain Management Strategies and Sustainability
Simchi-Levi (2021) discusses four goals of supply chain management. The first goal is to collect information on each product from its production to delivery, providing visibility to everyone involved in the process. The second is to provide access to data from a single point of contact. The third goal is to analyze, plan activities, and make trade-offs based on information from the entire chain. The fourth goal is to collaborate with the supply chain partners. Supply chain managers must be aware of the risks associated with their supply chains.
Hoffman et al. (2014) noted that outsourcing, global sourcing, and environmental turbulence, supply chain risks have recently gained the attention of practitioners. Supply chain risk management has become one of the most active fields in supply chain management research, focusing on handling problems such as supplier quality issues, failed deliveries, and supplier
financial defaults. The common thread among these risks is that they stem from a disruption somewhere in the supply chain, obstructing the flow of materials, funds, or information among supply chain entities. Regarding sustainability, Giannakis and Papodopoulos (2014) consider sustainability as the degree to which organizations' present decisions impact the future situation of the natural
environment, societies, and business viability. Based on this definition, sustainability strategies should consider how future uncertainty and the risks that decisions may impose on the natural and social environments, and the investment costs required to make supply chains more sustainable.
Reducing Food Waste
According to an article by Evans et al. (2014), in 2011, the Food and Agriculture
Organization of the United Nations (FAO) published its initial study findings on the extent and causes of global food waste, estimating that one-third of the food produced for human consumption is lost or wasted globally. This amount equals 1.3 billion tons of food wasted annually. Furthermore, it found that more food waste occurs during its production. This means the waste that occurs in food production processes is the leading cause of waste. Businesses must now look for ways to tackle food waste across the supply chain. It is also worth noting that the FAO links the issue of food waste to questions of food security, food safety, and economic development. Retailers can reduce waste associated with
these related issues by focusing on doing their part to reduce waste. "Large retailers such as Kroger, Walmart, and others, have the power to influence every link in the supply chain because of their connections with farmers, processors, and consumers" (Kor et al., 2017). Another way to shed light on food waste and combat it is by getting involved in the process. Supermarkets can team up with chefs to show consumers how to utilize leftover ingredients and food. Kor et al. (2017) recommended that food retailers organize "waste less" like ., Kroger's "Zero Hunger, Zero Waste" initiative, which uses crowdsourcing to interact with
consumers and gather ideas for food waste and hunger prevention.