Nike sees supply chain challenges ahead

2021-09-24

Nike reported a 16% increase in revenue for the quarter ending Aug. 31 compared to the same period last year, adding that further growth was hampered by supply chain disruptions. The brand trimmed its outlook for the full 2022 fiscal year, citing shutdowns of factories in Vietnam, where Nike manufactures more than half of its footwear and around 30% of its clothing.

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