**Nike’s Slump Foreseen by Key Taiwanese Shoe Supplier**.
**Taipei, Taiwan –** Nike’s recent slump in sales and profits was predicted by its key Taiwanese shoe supplier, Pou Chen Corporation, which warned of a downturn in the sportswear market months before the company’s results were released..
In an interview with the Financial Times, Pou Chen’s chairman, Tsai Hong-tu, said that the company had seen a decline in orders from Nike in the second half of 2023, signaling a potential slowdown in demand for the brand’s products..
