Nike’s Slump Was Foretold by Its Key Taiwan Shoe Supplier

**Nike’s Slump Was Foretold by Its Key Taiwan Shoe Supplier**.

**Introduction:**.

Nike, the sportswear giant, has been facing a decline in its sales and profits in recent months. This slump was predicted by one of Nike’s key shoe suppliers in Taiwan, Pou Chen Corporation. Pou Chen’s CEO, James Chen, warned in early 2023 that Nike’s reliance on China for production and sales would lead to problems..

**Pou Chen’s Prediction:**.

In an interview with Bloomberg News, Chen stated that Nike’s overdependence on China was a .