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What Vietnam’s Factory Closures Mean for Fashion

A severe outbreak of Covid-19′s Delta variant has prompted months-long factory closures that threaten the supply chains of companies like Nike and Adidas.
In early 2021, garment factories in Vietnam pivoted to making masks. But now, amid an overwhelming uptick in Covid-19 cases, factories have been shut altogether. Getty Images.
In early 2021, garment factories in Vietnam pivoted to making masks. But now, amid an overwhelming uptick in Covid-19 cases, factories have been shut altogether. Getty Images. (Getty Images)

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When On Holding launched its IPO this week, the headlines focused on the Swiss sportswear brand’s $6 billion target valuation. But buried in the company’s filing was a detail with wider relevance for the industry: the supply chain for the brand’s performance running shoes is mostly locked down.

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