News Snapshot:
Nike readies for supply chain distress amid Vietnam COVID-19 outbreak Nike is facing sneaker shortages after its second Vietnam-based shoe supplier suspended production last week thanks to the COVID-19 pandemic. South Korean shoemaker Changshin Vietnam closed down three of its factories near Ho Chi Minh City on Thursday after the region experienced a coronavirus outbreak that included some of the factories’ 42,000 workers. The factories will remain shut until July 20. The Vietnamese government, meanwhile, said many of the 177 confirmed cases in the province were from shoe factory workers. While it is not known how much of Nike’s production...
