4.8 • 186 Ratings
🗓️ 4 June 2025
⏱️ 39 minutes
🧾️ Download transcript
Ever wondered how those iconic blue and yellow stores became a regular stop for shoppers around the world? In this episode, Nicolai Tangen sits down with Jesper Brodin, CEO of Ingka Group – the largest IKEA retailer, to unpack how the company is reinventing itself for the future. They explore IKEA's democratic design philosophy, the company's sustainability initiatives, and how the business is adapting with new city-center stores. Jesper shares insights from working alongside founder Ingvar Kamprad and reveals his leadership approach of encouraging risk-taking through his "banana card" system. With nearly 900 million store visitors annually, IKEA continues to revolutionize home furnishing. Tune in for a fascinating glimpse behind the flat-packed furniture empire!
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday.
The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Une Solheim.
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0:00.0 | Hi everybody. I'm Nicola Tangen, the CEO of the Norwegian Southern World Fund, and today I'm really thrilled to welcome Jesper Broodine, the CEO of IKEA. |
0:09.9 | Now, IKEA, as you know, runs this iconic blue and yellow stores that have transformed perhaps your living room, but for sure, hopes worldwide. |
0:19.8 | And they brought a slice of Scandinavian design to almost |
0:22.3 | 900 billion visitors every year. Wow. That's quite something. Well, that's quite something. |
0:27.8 | Thank you for the opportunity, Nikolai, to be part of this incredible podcast. And thank you |
0:33.5 | for doing the commercial for IKEA, so I don't have to hear. |
0:46.5 | Thank you for doing the commercial for IKEA, so I don't have to. Yes, bro, I would love just to go visiting a store with you. |
0:50.2 | So can we just put on our customer hat and let's go into an IKEA store? So we enter the |
0:57.0 | door. What is the first thing we see? Actually, it's interesting. Since I had the pleasure to work |
1:02.3 | a very close thing by Kamprada, founder for many years, walking a store with him, I realized that |
1:08.4 | there is nothing left to chance, so to say. |
1:12.6 | So the first thing you will actually experience coming to IKEA is a person. |
1:17.6 | In a time of AI and digital revolution, it could be quite interesting that we believe that |
1:22.6 | nothing can replace that human first impression when somebody greets you and that somebody will also hand |
1:30.0 | you a bag, which was Ingvar's, of course, inside that if we hand out bags, you will begin your |
1:35.8 | shopping even sooner. So that is both a friendly gesture and a smart commercial trick from |
1:42.3 | IKEA. And these are not small bags. |
1:45.2 | These are pretty big ones, right? |
1:46.2 | The blue ones. |
1:51.0 | Well, the blue bags have, we used to yellow bags when you are inside the store and then you replace it with blue when you leave. |
1:53.5 | The blue bags have become iconic. |
1:55.6 | And I think in hundreds of millions of households, they serve for moving things as laundry bags and whatnot. |
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