Nike Cancel Sneaker Shipments To Store Till Summer 2022 Due To Covid
24 Nov 2021
Nike has cancelled orders until summer 2022 as supply chain issues continue into the holiday season.
A tweet shared by Brendan Dunne, co-host of the sneaker culture podcast Full Size Run revealed Nike wrote an email to a sneaker retailer announcing the seasonal cancellation.
Nike’s previously covered supply chain issues began with factory shutdowns due to the rampant covid crisis in it’s Asia based factories, causing major manufacturing and shipping delays.
Executive’s from the swoosh initially expressed concerns about supply chain issues in an earnings call a few months ago.
“We’ve already lost 10 weeks of production and that gap will continue,” said Chief Financial Officer Matt Friend in the call, explaining that Nike expects to stabilize its inventory by 2023.
At the moment it is unclear if this cancellation will affect other stores, with Nike failing to comment on the issue.