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Article

16 Apr 2020

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Nike

Nike outlines COVID-19 response, incl. commitment to pay for completed orders per agreed terms

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"COVID-19 Response Efforts", 11 April 2020

... We are working with our suppliers to support their efforts in response to the dynamic and unprecedented nature of the COVID-19 situation...

We continue to place orders, taking into account impacts of market dynamics. We will continue to pay in full for finished product from all suppliers globally, while honoring previously agreed payment terms for product in production. In the case of cancelled orders, our policies and agreements with suppliers are, and have always been, that Nike will pay the appropriate amount of the order, depending on the stage of production as communicated by our supplier to enable the supplier to recover costs associated with the canceled order...

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