Nike Chief Executive Mark Parker said on Thursday the footwear and athletic apparel company was considering shifting its production within China following a major strike at a supplier's factory.
Thousands of shoe factory workers staged one of China's biggest strikes earlier this month over conditions at Hong Kong-listed Yue Yuen Industrial Holdings - a $5.6 billion manufacturer of footwear for Nike Inc, Adidas and other international brands. Most of those workers have since returned to work after the company agreed to some of their demands.
"We didn't move product out in this case, but we're staying close to it. We've been in a position to do that," Parker said on the sidelines of a luncheon at the Boston College Chief Executives Club of Boston.
"We're always considering it."
He said Nike was in "close contact" with Yue Yuen and its workforce to determine if the labor conditions at the factory violate Nike's own workplace standards, but added Nike had not yet "taken a position on that."
He said Nike had a diverse factory base in China that made it possible to shift production relatively easily.