Nike, Under Armour and others face supply problems in Vietnam

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Nike, Under Armour and others face supply problems in Vietnam
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Some of America's biggest sellers of clothing and shoes cite one catalyst that has compounded the pressure: factory closures in Vietnam stemming from a second wave of the coronavirus outbreak there.

New York Surging shopper demand coupled with shipping container shortages and bottlenecks at ports have already triggered tighter supply of products, from cars to shoes.

In particular, some of America's biggest sellers of clothing and shoes cite one catalyst that has compounded the pressure: factory closures in Vietnam stemming from a second wave of the coronavirus outbreak there. That's led brands from PacSun to Nike to warn about the effects on their supply.In late September, Nike cut its full-year sales outlook due to supply chain issues, despite its CEO noting strong consumer demand.

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