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Nike Call Shows How Complicated and Messy Logistics Have Become
- Athletic-gear giant cuts revenue forecast amid inventory woes
- CFO says 80% of company’s Vietnam shoe factories are closed
After spending a few minutes talking about triumphs at the Olympics, buzzy sneaker drops and a headquarters tour with LeBron James, Nike Inc. executives spent much of the rest of their quarterly earnings call addressing something much less glamorous: logistics.
“We are not immune to the global supply-chain headwinds that are challenging the manufacture and movement of products around the world,” Chief Financial Officer Matt Friend said on the call.