Nike Supplier Pivots Away From Vietnam After Exiting China
- Eclat Textile may instead invest in Indonesia or Cambodia
- Clients don’t want production bases in one country: Chairman
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The new normal of global trade is that there are few safe harbors.
That’s the lesson Eclat Textile Co. is learning. The sportswear supplier to Nike Inc. and Lululemon Athletica Inc. exited China in 2016 as conditions weren’t ideal for manufacturing, deciding instead to bulk up in Vietnam. Now, as the global trade war heats up, Eclat finds itself vulnerable again and needs to move beyond Vietnam.