Nike Transitions Following Challenging Times Due to the Global Pandemic
During challenging times following the COVID-19 (coronavirus) pandemic, Nike Inc. (Nike) adapted to the global crisis through its adjustment of its supply chain to better serve its customers. Previously conducting business through a centralized distribution center, Nike now operates a multi-node regional distribution network which is effectively supported with advanced inventory optimization technology that boosts efficiency. The company also now embraces automation in order to increase the speed of order processing, freeing up more time for employees to focus on higher-value responsibilities.
COVID|Balance Sheet|ESG|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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