• Nike Could Face Sneaker Shortage as COVID-19 Pandemic Worsens

    3 days ago - By Hypebeast

    A new report from S&P Global Market Intelligence , Nike could soon face a sneaker shortage if the COVID-19 pandemic continues. More specifically, looking at the footwear manufactured in Vietnam which accounts for 50 percent portion of the sportswear brand's shoe offerings. The warning follows the sudden shutdown of Nike's suppliers in Vietnam, Chang Shin Vietnam Co. and Pou Chen Corp. The two names were forced to halt production as the Coronavirus broke out in the country rapidly. Analysis at S&P Global Market Intelligence revealed that Nike's footwear-led imports from Vietnam accounted...
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