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Vietnam Delays Could Cost Nike 160M Pairs of Shoes This Year

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

A financial analyst is predicting the Covid-induced halt in Vietnamese manufacturing could cost Nike 160 million pairs of shoes this year. The increased risk of “significant cancellations beginning this holiday and running through at least next spring” led Camilo Lyon of the investment firm BTIG to send a note to clients downgrading Nike from “Buy”…

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