American sportswear manufacturer Nike warned a possible shortage of its products due to global logistics problems, according to ” BBC “.
The company clarified that the production interruptions and delivery of its shoes can last until spring 2022. The cause of problems began to be failed in chains of supply and lack of workers in Asia. The American manufacturer has already reduced its own sales forecast for the coming year.
The company’s factories in Vietnam and Indonesia, which produce three-quarters of the entire volume of its shoes, suffered from the Covel restrictions of local authorities. So, in Vietnam this year, Nike stopped production a total of 10 weeks. “We are not insured against problems in a global chain of supplies, which make it difficult to produce and transport products around the world,” said Matthew Friend Finance. According to him, these factors will affect all regions where Nike products are represented.
Already now, time for delivering products from Asia to North America has doubled, from 40 to 80 days. Nike also notes an increase in transportation time in Europe, in the Middle East and Africa due to portage of ports and railways.
In the US, this has already led to a shortage of children’s toys, wood, new clothing and feed for pets, and, as a result, to price increase. Other large brands, for example, Hasbro toys and adidas sportswear gigant also reported potential supply issues in the season of festive sales. In Britain, there was also a shortage of some products due to high prices for gas.