Nike Seeks Supply Chain Overhaul to Improve Profitability -- Report (NKE:NYSE)
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4 Articles
Nike is reportedly planning a major overhaul of its supply chain, bringing some of its manufacturing closer to its key markets and relying more on external partners for logistics and distribution, Bloomberg reported. The changes are part of a broader cost-cutting and operational overhaul that comes as the sportswear maker’s revenue weakens and its stock has lost nearly 50 percent of its value this year. We’ll be covering similar topics at our Po…
In order to overcome the ongoing sales downturn, Nike is seeking greater flexibility in its supply chain by moving the production of its products closer to ... The article Nike Changes Model: Moves Production Closer to Target Markets and Reduces Staff was published in NewsIT.
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