News Snapshot:
Southeast Asia output slows on Covid shutdowns and staff disruptions Nike and Adidas suspend operations in Vietnam while Toyota factories in Thailand are scaling back production 25 July 2021 - 18:19 Michelle Jamrisko Picture: REUTERS Singapore — 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 companies such as Nike and Adidas have reported plant suspensions in Vietnam over the past few weeks as authorities impose restrictions...
