Supply Chain Research

Adidas reported Q2’21 revenue growth in North America of 86.6% year over year in Q2’21. U.S. seaborne imports linked to the firm meanwhile only increased by 22.3% over the same period with an acceleration to 35.0% in July. That lag versus sales drove the firm to dip into its inventories. The firm also faces “industry wide headwinds” in logistics according to CEO Kasper Rorsted, which has led to “making more use of air freight”. The company also faces factory closures in Vietnam which could drag on the firm “until the end of the third quarter”. Panjiva’s data shows Vietnam accounted for 3...