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Update news Nike
Nike's supply chain in the South has fully recovered, while its supply chain in the North is trying to restore production and business.
Vietnam has surpassed China to become the major manufacturer of Nike sports shoes.
Sportswear giant Nike Group has affirmed that it will continue to expand production in Binh Duong province, said Nguyen Thanh Toan, Director of the Department of Industry and Trade of the southern industrial hub.
Recent rumours spreading on social media on Nike’s moving production out of Vietnam to China and Indonesia are incorrect, stated Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association.
Thousands of dismissed labourers at suppliers in Vietnam has exacerbated the floundering performance of major garment and footwear brands across the globe like Adidas, Nike, and Zara.
Sportswear giant Nike says online sales have helped cushion blow of widespread store closures during virus.
Local suppliers of overseas fashion brands may have a bumpy road ahead as materials from China have been blocked due to COVID-19.
VietNamNet Bridge - Artificial intelligence now plays an increasingly important role in enterprises’ operation as it helps increase productivity, thus optimizing profit. However, Vietnamese businesses still hesitate to invest in it.
VietNamNet Bridge – The advertising market has bucked the economic trend, remaining strong, with both Vietnamese and foreign advertising agencies seeing a consistent increase in the number of huge deals with large corporations.
VietNamNet Bridge – World-famous shoe and handbag brands like Nike, Adidas, Puma and Timberland are transferring the bulk of their orders to Vietnam to avoid risks in China.