Nike is a type of client companies that has been hit with nearly each drawback over the previous couple of years — provide chain disruption, four-decade excessive inflation, labor shortages, COVID-19 retailer closures, growing world competitors, and extra.
“We’re nonetheless paying about 5x the speed that we paid pre-pandemic to place product in a container on a ship and transfer it from Asia to the US,” says Nike CFO Matt Pal.