Sep 24, 2021
Nike and Costco warn of product shortages and delays
US sportswear giant Nike and US retail giant Costco both say they are facing product shortages and delays due to global supply chain problems. Nike said production and delivery of its shoes would impacted until next spring, as it struggles with shipping issues and a worker shortage in Asia.Meanwhile, Costco has re-imposed limits on items like toilet paper. Nike has also seen transit times rise in North America, Europe, and the Middle East and Africa due to "Port and rail congestion and labour shortages". "The factors pressuring supply chains and inflation include port delays, container shortages, Covid disruptions, shortages on various components, raw materials and ingredients, labour cost pressures and truck and driver shortages," said Costco's chief financial officer, Richard Galanti. In the US it's contributed to shortages of children's toys, timber, new clothes and pet food, while also pushing up consumer prices.
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