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

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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…



Source cnbc.com

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