IKEA was founded in 1943 by Ingvar Kamprad in Sweden. It designs and sells ready-to-assemble furniture and is the world's largest furniture retailer. IKEA keeps its prices low by having customers assemble furniture themselves, source products globally from multiple suppliers, and cater to local tastes worldwide. While this strategy saves customers money, it requires them to spend time and money visiting stores and putting furniture together, which some may find problematic.