IKEA's quick payment plan a boost to suppliers' resumption

In addition to financial support to deal with liquidity challenges, Ikea has developed measures and offered advice to help enterprises resume production on time.

Ikea on Feb 3 had set up a special team for suppliers. Their work includes publishing guidelines on resuming production, and highlighting key matters to note when working during the epidemic. Ikea has allocated masks and other resources from their international operations to support their suppliers in China.

So far, nearly 98 percent of Ikea's suppliers in China have resumed production.

Ikea China donated furnishing materials worth 9.44 million yuan on Feb 10 and, with its own logistics network, delivered the materials to more than 50 hospitals, including Huoshenshan Hospital in Wuhan, and emergency response organizations in Central China's Hubei province, the epicenter of the epidemic.