LULU - Lockdown in Vietnam dents retail coffee and the supply chain

Supply chain issues have been roiling the globe since the coronavirus pandemic began last year and retailers are still facing challenges with volatile production, COVID business restrictions and shortages of many goods. A great example of this can be seen in Vietnam, where many manufacturers had moved production during the trade war years of the Trump era to diversify and avoid tariffs. However, Vietnamese authorities this week announced an extension of restrictions in Ho Chi Minh City, the country's business hub and COVID outbreak epicenter, sending shockwaves down the supply chain. Snapshot: Factory shutdowns in Vietnam led Wall Street research firm BTIG to downgrade Nike (NYSE:NKE) shares last week, while high-end furniture chain RH (NYSE:RH) had to delay the launch of its contemporary furniture collection until next spring. Some companies have even gone as far as to announce they are bringing production back to China, like footwear producer Designer Brands

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Lockdown in Vietnam dents retail, coffee and the supply chain