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Nike Feels Heat From Vietnam Closures, But Assures Reopening On Track

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Nike reported minimal revenue gains for the second quarter on Monday as Covid-related factory closures in Vietnam hit the company’s Asia business. According to chief financial officer Matt Friend, all impacted factories have reopened. Though analysts have expressed concern that workers who traveled home this summer would be slow to return, Friend said employee attendance…

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