Nike could run out of shoes from Vietnam as Covid worsens: S&P Global


File photo showing workers in a Nike factory near Ho Chi Minh City work at a production line conveyor belt, putting together Nike sports shoes.

Peter Charlesworth | LightRocket | Getty Images

Nike is at risk of running out of sneakers made in Vietnam as the Covid crisis worsens around the global, according to a new report from S&P Global Market Intelligence.

The warning comes after two of Nike’s suppliers in Vietnam, Chang Shin Vietnam Co. and Pou Chen Corp., recently halted production due to a rapidly growing Covid outbreak in the region. In fiscal 2020, Nike said contract factories in Vietnam made roughly 50% of total Nike branded footwear.

A new analysis from Panjiva, a business line of…


0 0 votes
Article Rating

Large shareholder group calls for a board overhaul at pharma company CytoDyn

Previous article

The rapid growth the U.S. economy has seen is about to hit a wall

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Retail