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Adidas CFO: Supply Chain Delays Could Cost $592M in H2 Sales

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.

Count Adidas as the latest major brand experiencing some turbulence abroad as Vietnam factories remain closed due to Covid-19 outbreaks and Chinese consumers slow their demand. Nevertheless, the German athleticwear and footwear giant is still reeling in the cash, seeing second-quarter sales jump 55 percent on a currency-neutral basis to $6 billion, with net income…

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