Nike’s suppliers invest in ‘manufacturing revolution’
US sportswear brand Nike has said it is embarking on a “manufacturing revolution” and that its suppliers are bearing much of the cost.
“There are two factors that are really driving a lot of our priorities in this manufacturing revolution. One is to create the capability to create new innovation and product that the consumers can experience. Flyknit is a great example of a process,” said Nike CEO Mark Parker. “And 3D printing allows us to do things that conventional shoemaking or product manufacturing process won’t allow us to do.”
The company reported sales for the third quarter, which ended on February 28, were up 13% to $7 billion.