Vietnam’s 2021 Covid Rules Will Cost Nike 160M Pairs, BTIG Estimates – Sourcing Journal

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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