Nike and adidas Expected to Reduce Production by 30-40 Percent

According to reports, sportswear brands like Nike and adidas are expected to significantly reduce production starting next year. The reports note that major names in the athletic footwear industry have notified their manufacturing companies that they will be reducing order volumes by 30-40 percent starting Summer 2023. Industry insiders are noting that the trend will continue to affect production until Winter 2023, meaning we could see a decline in releases until the Summer 2024 season.The main ...