Nike CEO blames remote work for innovation slowdown, saying it's hard to build disruptive products on Zoom
Publishing timestamp: 2024-04-12 13:31:52
Summary
Nike CEO John Donahoe blamed remote work for the company's innovation slowdown and lack of fresh products. He acknowledged criticism for falling behind on innovation and losing market share to competitors like On Running and Hoka. Donahoe stated that remote work made it difficult for Nike to develop bold, disruptive innovations, but the company is now focused on rebuilding its innovation pipeline. Despite challenges, Donahoe emphasized that Nike remains a dominant force in the sports industry and is committed to bringing innovation to its products.
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Keywords: retail industry, apparel retail, breaking news: business, business, nike inc, john donahoe, business news,
Source: https://www.cnbc.com/2024/04/12/nike-ceo-blames-remote-work-for-innovation-slowdown.html