Nike’s subcontractors in Vietnam have finally resumed production after the Delta variant had halted manufacturing processes in the region.
Nearly 200 factories in Vietnam that manufacture Nike products were closed after the Delta variant took hold on the country, causing the loss of over 160 million pairs of shoes.
Vietnamese contract factories made up a huge 50 per cent of branded footwear last year and the news of Nike’s factory closure caused its share price to slip 2.7 per cent in September.
Vietnam’s footwear factories, which produce shoes for Nike’s global sportswear rivals including Adidas and Puma, are expected to fully resume operations early next year after strict restrictions meant that factory workers were stuck in rural provinces.
