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Adidas Sees Impact From Supply-Chain Snags Carrying Into 2022

Sports-apparel maker trims forecast for gross margin
Company facing both supply and demand hurdles in Asia

WATCH: Adidas is the latest firms to be hit by global supply chain woes. Lizzy Burden reports. Source: Bloomberg

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By Tim Loh

November 10, 2021 at 6:56 AM UTC

Updated on

November 10, 2021 at 11:11 AM UTC

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Adidas AG predicted costly disruptions from supply-chain snags will carry into 2022, after factory closures in Vietnam and consumer boycotts in China hindered efforts to roll out new sneakers and sportswear in the third quarter.