Nike, Adidas production pinched as pandemic forces factory closures in Asia

Nike, Adidas production pinched as pandemic forces factory closures in Asia Some of the world's biggest footwear and garment companies are seeing production pinched as factories in Southeast Asia struggle to keep the lights on amid one of the world's deadliest COVID-19 resurgences. A number of firms that churn out products for global giants like Nike Inc. and Adidas AG have reported plant suspensions in Vietnam over the past few weeks as authorities impose restrictions to stop the virus. Other industries, such as Toyota Motor Corp. factories in Thailand, also are scaling back as multiple countries in the region see…