Nike warns of shoe shortage that could last until 2022 due to shortage of ships

The sportswear company expects the problems to continue until next year due to delays at factories in Asia and issues with container ships delivering its goods around the world.

Sportswear firm says no part of the world will be spared from shortages

Sportswear giant Nike says it faces shortages and delays in store deliveries due to issues with its supply chain.

The problem will affect Nike shoes until next spring.

The company is grappling with a labor shortage in Asia and disruptions in shipping shoes to the rest of the world.

Last week, Nike said it had lowered its sales expectations this year.

During a public call, Nike CFO Matthew Friend said: “We are not immune to headwinds in the global supply chain that challenge the [manufacturing] and the movement of products around the world.

“We expect all geographies to be affected by these factors.”

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Nike factories in Indonesia and Vietnam manufacture 75% of all its shoes. However, the Vietnamese plant has lost 10 weeks of production this year due to coronavirus lockdowns.

Not only that, but the time it takes for Nike to ship its goods from Asia has increased.

More advanced Nike shoes are self-lacing and smartphone-controlled – like the Adapt BB basketball shoe



It used to take 40 days to deliver shoes from Asia to America, but now it takes 80 days.

The same problem affects goods destined for Europe and the rest of the world. Friend said this was due to “port and rail congestion and labor shortages”.

Global shipping delays are also causing supply issues for other brands.

Earlier this month, Aldi said that more than 50 of its SpecialBuy products had been delayed on the way to the shops.

The discount supermarket said about 78 of its products could arrive late to its stores – some up to 18 days.

The brand’s most iconic shoe is the classic Air Force One


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The SpecialBuys, which take pride of place in Aldi’s center aisle and include everything from housewares, gym equipment, baby products and more, are typically released every Thursday and Sunday.

Toy stores across Britain have also issued warnings about a potential limited supply in stock before Christmas.

Amazon, Argos and The toy store all have in stock some of this year’s best toys to give to little ones this Christmas. However, fears of toy shortages mean these particular items could be out of stock long before the holidays arrive.

Geoff Sheffield, founder of The Entertainer toy chain, explained how supply chain problems are caused by a series of issues. These include the lack of shipping containers from Asia and the current shortage of heavy truck drivers.

In March, the cargo ship Ever Given got stuck in the Suez Canal, causing savvy experts would mean price hikes in UK stores after the blockade, world trade collapsed.

The 1,300-foot Taiwanese-owned vessel got stuck in a 985-foot-wide section of the canal that connects the Red Sea and the Mediterranean.

It took more than three months for the ship to dislodge. Global trade was severely disrupted during the period.

About 15% of global maritime traffic passes through the Suez Canal, which is the shortest sea route between Europe and Asia.

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