Nike has warned that prices are likely to rise in the second half of its financial year as the brand bids to offset increasing costs in its supply chain.
The sportswear titan said rises at the shelf edge would come as a result of the higher transportation, logistics and air freight costs required to meet demand during the golden quarter.
Supply chain issues have plagued retailers across the globe during the coronavirus crisis with congested ports and factory closures hammering the usual flow of products. Those challenges were impacted further by the blockage of the Suez Canal in March.
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