**Nike’s Slump Was Foretold by Its Key Taiwan Shoe Supplier**.
**Nike’s recent announcement of a sharp decline in orders** has raised concerns about the sportswear giant’s future. However, this downturn was foreshadowed by its key Taiwan shoe supplier, Pou Chen, which reported a significant drop in orders in recent months..
**Pou Chen is one of the largest shoe manufacturers in the world**, and it produces a significant portion of Nike’s footwear. In its most recent financial report, Pou Chen revealed that its orders from Nike had plunged by 40% in the second quarter of 2023 compared to the same period last year. This decline is a major blow to Pou Chen, which has been a key supplier to Nike for decades..
**Analysts say that the decline in orders from Nike is a sign of the challenges facing the sportswear industry**, as well as Nike’s own specific issues. The industry has been hit by a number of factors, including rising costs, supply chain disruptions, and changing consumer preferences. Nike, in particular, has been criticized for its high prices and lack of innovation..
**The decline in orders from Nike is also likely to have a ripple effect throughout the shoe industry**, as Pou Chen is a key supplier to many other brands. It is possible that other shoe manufacturers will also see a decline in orders as Nike adjusts its production levels..
**The situation at Pou Chen is a reminder of the challenges facing the sportswear industry**. Nike is a major player in the industry, and its struggles are a sign of the difficulties that the entire industry is facing. It is also a reminder of the importance of diversification for suppliers, as Pou Chen is heavily reliant on Nike for its business..
**Here are some additional details about the situation at Pou Chen:**.
* Pou Chen reported a 40% decline in orders from Nike in the second quarter of 2023 compared to the same period last year..
* Pou Chen is one of the largest shoe manufacturers in the world, and it produces a significant portion of Nike’s footwear..
* The decline in orders from Nike is likely to have a ripple effect throughout the shoe industry, as Pou Chen is a key supplier to many other brands..
* The situation at Pou Chen is a reminder of the challenges facing the sportswear industry, as well as Nike’s own specific issues..
**It remains to be seen how Nike will respond to the decline in orders from Pou Chen**, but it is clear that the sportswear giant is facing some challenges. The industry is changing, and Nike needs to adapt if it wants to continue to be a major player..
