World’s clothing giants facing supply shortages

Output hiccup: Nike is one of the brands facing product shortages as countries like Vietnam face lockdowns and travel restriction. — AFP

From shoes and sweaters to car parts and coffee, Vietnam’s strict and lengthy coronavirus lockdown has sparked product shortages among worldwide brands such as Nike and Gap which have grown increasingly dependent on the South-East Asian nation’s manufacturers.

The snarl-ups at Vietnam’s factories are part of a broader crisis around the planet that is sending inflation surging and raising concerns about the pace of recovery in the global economy.