CNBC: Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill
CNBC reports: Nike on Thursday announced that its CEO John Donahoe is stepping down and company ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
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.
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