IKEA to raise prices due to high transportation costs, labor shortages

Swedish retailer IKEA has been hit hard in 2021 with high transport costs and labor shortages causing empty shelves worldwide.
Officials say they struggled to keep their warehouses and stores stocked. They claim they have spent 250 million euros to mitigate their supply chain disruptions just this year.
IKEA expects to up their furniture prices far into the 2022 fiscal year.