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New Balance Exec on Reshoring, $22,000 Freight Rates and ‘Defying Gravity’

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Though New Balance’s pandemic-related supply problems have largely stabilized, a senior sourcing executive believes logistics-related bottlenecks will continue through 2024. New Balance—like Nike, Puma, Under Armour and most of its sneaker competitors—suddenly saw its supply from Vietnam plummet last summer as Covid-induced lockdowns in and around Ho Chi Minh City forced factories to shutter production…

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