Hong Kong (lisinoprilfast.com Business)If you"re coveting a new pair of Nike sneakers this holiday season, you might have to wait a while.
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The sportswear giant has warned that it has been hit by supply chain problems — caused globally by the Covid-19 pandemic — that will impact production & delivery of its goods around the world through next spring.
Nike (NKE) is grappling with issues ranging from shipping container shortages khổng lồ a dearth of workers, the company said Thursday, adding that it is also facing manufacturing problems due khổng lồ local lockdowns at its factories in Vietnam and Indonesia.
"We are not immune to lớn the global supply chain headwinds that are challenging the
The issues forced Nike to cut its full-year sales outlook on Thursday, despite Friend saying that "consumer demand has never been higher."
The executive noted there were plans to lớn reopen some facilities in stages, but predicted that a "gap will continue until factories are able khổng lồ reopen and produce hàng hóa at normal capacity."
In North America, Europe, the Middle East & Africa, its teams have seen transit times shoot up, largely due to "port and rail congestion and labor shortages," according to lớn the CFO.
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Global supply chains have been disrupted by fallout from the pandemic, spurring shortages of consumer products & making it more expensive for companies khổng lồ ship goods where they"re needed.
Unresolved snags, và the emergence of new problems including the Delta variant, mean shoppers are likely to lớn face higher prices and fewer choices this holiday season.
Other retailers, such as Adidas (ADDDF), Crocs (CROX) and Hasbro (HAS), have already warned of disruptions as they prepare for the crucial year-end period. Book sellers are also urging customers lớn get their holiday orders in early.
Shipping companies expect the global crunch to lớn continue. That"s massively increasing the cost of moving cargo, và could showroom to the upward pressure on consumer prices.
In response to lớn the crisis, Nike said Thursday that it was planning lớn spend more on air freight for the holiday season.
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