ZH: Nike 'permanently' laying off 740 employees at world headquarters
ZERO HEDGE writes: US athletic footwear and apparel company Nike announced late in the cash session on ...
Nike is planning to speed up manufacturing and, according to this report in Quartz, shave more than a month off delivery times. The report follows the sneaker brand’s investor day at the end of October. Chief executive Mark Parker said the company still intended to “outrun” its competition, despite a reported slowdown in sales. Among the new moves being made by Nike, is near-shoring production facilities to serve the North American market, as well as increasing manufacturing in Latin America. Mr Parker said the company would introduce greater levels of automation, to not only speed up production times but tackle escalating labour costs. The company’s chief operating officer, Eric Sprunk, also said there needed to be a migration towards a “responsive model” of production, which would slash lead times and respond to what consumers were actually buying. Mr Sprunk said new measures allowed the company to cut its manufacture-to-market time from about 60 days to 10 or fewer.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Flexport's newly liveried aircraft ready as business looks up
Don't chase that final dollar, warning to shippers delaying signing new contracts
Comment on this article