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To see how Asia’s manufacturing map is being redrawn, look at Nike and Adidas

Marc Bain
To see how Asia’s manufacturing map is being redrawn, look at Nike and Adidas

Since 2010, Adidas has cut the share of footwear it makes in China in half. The country that has absorbed most of that business is Vietnam. A similar situation is playing out at Nike. A decade ago, China was its main footwear producer. Today, Vietnam owns that title. The sneaker giants are among the major…