Men Nike Outlet Hoka Shoes  Skechers Outlets Oofos Outlet Nobull Shoes
Boston Red Sox Jersey

Some of the world’s biggest footwear and garment companies are seeing production pinched as factories in Southeast Asia struggle to keep the lights on amid one of the world’s deadliest COVID-19 resurgences.

A number of firms that churn out products for global giants like Nike Inc. and Adidas AG have reported plant suspensions in Vietnam over the past few weeks as authorities impose restrictions to stop the virus. Other industries, such as Toyota Motor Corp. factories in Thailand, also are scaling back as multiple countries in the region see record high cases and deaths.

“It’s going to be worse before it gets better,” with shutdowns and staff disruptions increasing in Asia, said Deborah Elms, executive director of the Singapore-based Asian Trade Centre. “Sneakerheads2020 ,Places like Vietnam that largely avoided locking down cannot maintain an open posture. With vaccinations painfully slow, I assume more shutdowns in factories, with the ripple effects felt elsewhere.”

The temporary shutdowns come as assembly lines gear up for the holiday shopping season in the U.S. and Europe. Delays could mean shoes, suits, sweatshirts and other clothes won’t be on department-store racks by Thanksgiving Day, the traditional kickoff for the holiday shopping season, said Michael Laskau, founder of Ho Chi Minh City-based Paradigm Shift, which works as an intermediary between manufacturers and overseas customers.

Trade in goods has been a rare buffer for the COVID-19-ravaged global economy — especially for export-heavy Asian countries — but the latest reports show cracks in this growth pillar. The delta variant-driven surge has hit Southeast Asia especially hard, underscoring the delicate choices for policy makers who are balancing vaccination drives and mobility restrictions while trying to keep their economies afloat.

The manufacturing pain is especially acute in Vietnam, where officials have taken drastic steps to ensure factories can continue operating. In some instances, 2021Sneakers ,electronics and tech companies have had workers sleep overnight on-site.

The garment industry, with lower profits and more workers, hasn’t been able to replicate that effort. Feng Tay Enterprise Co., Pou Chen Corp. and Sports Gear Co. are among manufacturers that have suspended some operations in Vietnam.

Phan Thi Thanh Xuan, vice chairwoman of Vietnam’s Leather Footwear and Handbag Association, said Friday that more than 90% of the group’s 800 members among shoe manufacturers and exporters in the country’s south have temporarily halted operations.

“Most of the factories that supply Nike and Adidas in Vietnam have suspended output,” Xuan said. Production for the two companies accounts for about 80% of Vietnamese footwear exports and employs at least 500,000 workers, or about half of the Vietnamese footwear industry’s workforce.

Xuan said the association is asking the government to lift overtime restrictions so factories can make up for lost productively once they reopen. New Jordan ,It’s also asking the government to allow companies to source their own vaccines, which currently are distributed by the government.

“The health and safety of our teammates, as well as that of our suppliers, remains our top priority,” Nike said in a emailed statement. “We continue to work with our suppliers to support their efforts in response to the dynamic and unprecedented nature of COVID-19. “Adidas declined to comment, citing a “quiet period” companies take before reporting earnings, which it will do on Aug. 5.

An export powerhouse, Vietnam not only survived but even thrived during the US-China trade war and early phases of the pandemic. Still, its trade outlook was starting to show signs of faltering in the first half of July, said Linda Liu, an economist at Maybank Kim Eng Research Pte. in Singapore.

Leave a Reply

Your email address will not be published. Required fields are marked *

Hey Dude Women's Shoes | Skechers Womens Outlet | Ecco Shoes | Skechers Shoes | Hoka Sneakers | Hey Dudes | Baltimore Ravens Jersey | Skechers Outlets | Vibram Shoes | Skechers Shoes Outlets | Vans Shoes For Womens | NFL Jerseys for Cheap | Las Vegas Raiders Jerseys | Clarks Womens Shoes | Hey Dudes Shoes | Hoka Running Shoes | Hoka Shoes | Fjallraven Kanken Backpack | San Francisco 49ers Jersey | New York Giants Jersey | Oofos Shoes | Swarovski Necklaces | Chaco Sandals | Running Shoes | Steve Madden Shoes | Teva Sandals | Hoka Shoes UK | OluKai Shoes | Boston Red Sox Jerseys | Boston Red Sox Jersey | Hoka One One | Steve Madden | Clarks Shoes | Hokas Shoes | Houston Texans Jerseys | Chicago White Sox Jerse | Hey Dude Golden Goose Sneaker | Thorogood Boots | Olukai Sandals | Birdies Shoes | Chippewa Boots | Cincinnati Bengals Jerseys | Kizik Shoes Rick Owens Shoes | Brooks Sneakers | San Francisco 49ers Jerseys | Sorel Sneakers | Merrell Shoes For Women | Hoka Sandals | Cat Boots | Brooks Shoes | Cat Footwears | Brooks Running Shoes | Vibram Shoes Five Fingers | Asics Running Shoes | Birkenstock Sandals | Nobull Shoes | Schutz Shoes | Nike Outlet | Asics Shoes | Oofos Outlet | Vionic Sneakers | Vasque Shoes | Olukai Sneakers | Rockport Shoes | Naot Shoes Womens | SAS Sneakers | Propet Sneakers | On Cloud Shoes | Taos Sneakers | NOBULL Shoes Canada | Birkenstock Bostons | Oboz Shoes | Oofos Canada | Chacos Shoes | Kizik Sneakers | Keen Outlet | Veja Sneakers | Sam Edelman Boots |