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International

Adidas estimates $1.2 billion in lost sales due to supply-chain crisis

November 11, 2021 Reprints

Germany-based Adidas AG has warned of a €1 billion ($1.2 billion) hit to its sales in the fourth quarter of this year and first quarter of 2022 due to the ongoing supply-chain disruptions, Reuters reported. Adidas said that COVID-19 related lockdowns and factory closures in Vietnam resulted in a loss of 100 million units in the second half of the year, while ongoing shipping woes have further hurt the company’s production and sales.

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Adidas estimates $1.2 billion in lost sales due to supply-chain crisis

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