Ikea sees supply-chain shortages stretching into mid-2022

The worldwide supply-chain crisis won't end anytime soon, leaving consumers everywhere to grapple with shortages well into 2022, the CEO of global home-furnishings giant Ikea said.

"I don't think we will be out of the woods" during the Swedish retail giant's fiscal year, which ends in August, Inter Ikea CEO Jon Abrahamsson Ring told Bloomberg News. Inter Ikea is the worldwide franchiser for the Ikea brand.

"This is a very big challenge for the whole supply infrastructure," he said, with one of the biggest challenges for Ikea and other retailers is getting goods out of China.