Source: Reuters
Summary
German sportswear makers Adidas and Puma warned of supply chain disruptions due to the COVID-19 pandemic and port congestion, which could lead to product shortages and longer delivery times. Adidas said it was working to mitigate the impact, while Puma reported that shortages of certain products could last weeks or months. Intertop also warned of slightly longer delivery times.
Our Reading
The trend returns with a new name.
Supply chain disruptions, a familiar story in the fashion industry, continue to affect sportswear makers. Adidas and Puma, two of the biggest players in the market, are facing delays and shortages due to the pandemic and port congestion. Intertop, another retailer, is also warning of longer delivery times. The look feels like a deja vu, as the industry struggles to keep up with demand. The cycle of disruption and delay is nothing new, but the names and excuses change with the seasons.
Author: Evan Null
