IKEA
In this respect, one of the top names is that of IKEA, the ‘home furnishing retailer’ which is synonymous with modernity & convenience in its products and known for its furniture packs. The company was founded in 1943 by Ingvar Kamprad.
Volvo
Practically everyone has heard of Volvo, an automobile company as well and a major international car manufacturer that launched the patented three-point seat belt in 1959 which has saved many lives since then. Volvo, in essence, has placed the importance of safety at the very core of the brand even within the global automotive industry and brought such safety to the car world.
Spotify
Acknowledged as ‘disruptor’ — a label earned due to its launch in 2006, Spotify transformed the creation and consumption of music by the global population. Combating piracy, this model provided for legal consumption of music and made it possible for millions to enjoy the art.
H&M
They may add that in such an industry there is one of the largest players of fast fashion among which it should be mentioned H&M that battles for the consumers with trending outfits for discounts. H&M which has been in existence since the year 1947 has been seen incorporating Swedish fashion in the lives of many people all over the globe (Sweden.se).
Ericsson
Ericsson was founded 140 years ago by Lars Magnus Ericsson and is one of the worlds leading communication tech companies. Ericsson also had a highly successful mobile phone business, that later became Sony Ericsson in 2001 (nowadays Sony Corporation).
Electrolux
Being a high-end appliance maker, Electrolux has made some notable changes with both home and commercial kitchens globally. The Company specializes in technologies that introduce changes in everyone's lives, especially for domestic appliances such as vacuum, kitchen apparatus, etc.
Essity
In terms of health and hygiene, Essity has established itself as one of the top international companies on the market with a focus on Tork and Libero brands. The advances have focused on things that people require, right from a roll of paper through to incontinence pads, as well as improving the quality of life for many.
This Swedish factor of standing up to the test of innovation is apparent in the different sectors of the economy. From the most basic of tools to the more sophisticated life saving devices, these brands and products are not only a form of Swedish creativity but also a practical application of addressing the problems of the world.
