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Adidas sneakers could disappear from shelves this year

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Adidas sneakers can disappear from shelves throughout the year due to supply chain issues.

The sports brand says the problems caused by the pandemic could cost them 500 million euros this year.

Adidas chief executive Kasper Rorsted highlighted the company’s inability to produce enough shoes and clothing to meet customer demand, Invoiced reports.

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He told reporters: “We expect the situation in Vietnam to start improving later this month, leading to a largely operational supply network at the end of the third quarter.”

He said operations would be moved from Vietnam to other countries, but product shortages could still arise.

“The current outages will have a negative impact on our business in the second half of the year, as we will not be able to fully meet the high demand for our products.

“The long-lasting pandemic has resulted in a significant reduction in the capacity of ships and containers.

“With sport returning to center stage this summer, we had a very successful quarter. “

Adidas saw sales increase 52% year-on-year in the first half of 2021.

Charged said the 500 million euros would only represent 2% of the sales forecast for 2021.

Overall sales are expected to increase this year by 20%.

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