Footwear maker Crocs plans to outrun supply chain woes; shares jump
Yahoo! Finance
The company, known for its rubber clogs, said on Thursday it would move production to China, Indonesia and Bosnia, from Vietnam which had become a manufacturing hub for many companies across the world, especially apparel. Crocs had planned on 70% of its production coming from Vietnam in 2021, before deciding to move out some output, Chief executive Officer Andre Rees said on an analyst call. Many factories in Vietnam's manufacturing hubs have been shut or are operating with drastically fewer o...
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