Nike and Costco warn of product shortages and delays
- Update Time : Saturday, September 25, 2021
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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, reports BBC.
Meanwhile, Costco has re-imposed limits on items like toilet paper.
It says customers are stockpiling again amid Covid fears, but it is also struggling to ship goods to its shops.
On Thursday, Nike said it had cut its sales outlook for the year due to the ongoing disruption.
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