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Nike could soon be when there is a shortage of sneakers ahead, when the pandemic gets worse all over the world report From S&P Global Market Intelligence.
This news is coming as two suppliers of Nike Vietnam – Chang Shin Vietnam Co. and Pou Chen Corp – recently stopped production at three facilities due to COVID-19 cases in the region.
Interception production in Vietnam can be a major concern for global sneaker brands, given that last year’s financial report showed that 50 percent of footwear was made in Vietnam.
“Health and safety our teammates, as well as our journalists, remain our top priority. We will continue to work with our suppliers to support their efforts to respond to the dynamic and unprecedented nature of COVID-19, ”a Nike representative said. CNBC.
Unfortunately, this the disorder may face Nike in the middle of school hours, when students often buy sneakers for the new school year. While brands are likely to have booked the fall, the shortage could prove challenging for retailers during the holiday boom at the end of the year.
During the conference Matt Friend, Nike CFO who met with analysts last month, said the brand predicted supply chain delays and rising logistics costs through 2022.
If you are planning Once you get your hands on a particular Nike sneaker, it’s best to buy it soon, as a lot of items can run out of stock when your vacation is near.