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Nike CFO: ‘We’ve Already Lost 10 Weeks of Production’

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

Nike’s dominant first quarter was overshadowed by a grim outlook as the athleticwear and footwear giant battles a gridlocked global supply chain on top of extended pandemic-related Vietnam factory closures. The company downgraded its financial guidance for 2022 solely due to the supply chain impacts, expecting revenues to grow in the mid-single digits, versus the…

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