SMART WINDOW MARKET ANALYSIS
Key Developments:
In April 2020, IKEA with a strategy aims on increasing the development in retail to guarantee the overall growth. IKEA enlarged its range of smart house goods with the approval of the new smart blinds, FYRTUR and KADRILJ which can be regulated wirelessly with a timer, making it very comfortable to regulate the lighting situations.
In August 2020, IKEA declared its strategy to build a regional distribution of the supply chain center which costs US$ 212 million in Malaysia, the center is also projected to regulate an inventory of 9,500 stock keeping the units worth US$ 1.54 billion yearly and to guarantee the whole development, the company works enhancing its manufacturing and distribution areas and hence enhancing the sales.
Smart Window Market Report Snapshots
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