reckon for a moment , if you will , all of the complaint plaguing our society : A devastatingglobal pandemic ; far-flung and acceleratingecological crash ; the looming scourge of a Swedish House Mafiareunion tour .
Now , hear this : We will literally never lean out of Crocs . Is that doing anything for you ? No ?
During acall with analystson Thursday to discourse yet another quartern ’s Charles Frederick Worth of astronomical cut-rate sale numbers , Crocs CEO Andrew Rees said that the frightful clogs party owe most of its late winner to the fact that Crocs are largely impervious to the ball-shaped provision chain yield that have plagued the tech manufacture and other companies during the Covid-19 pandemic .
Photo: Cate Gillon / Staff (Getty Images)
Last July , uprise rates of contagion — which amounted to the baneful waving of the virus that Vietnam had take on up to that point — activate widespread manufacturing closing in two of the res publica ’s largest city , Hanoi and Ho Chi Minh City .
The fresh waving oflockdown protocolstriggered by the state ’s leadership result in a record quarterly fall in the crude domestic intersection that was so usurious , panicked company were forced to choose between creating dystopian Covid-19 “ bubbles ” tohouse and feed workers on - siteand shouldering the cost of lost profits . But family line , that ’s not the story here — the story is that Crocs , one of many companies that outsource much of its manufacture to Vietnam , feature a simple and elegant three - part pattern , which is what made it easygoing to quickly shift manufacture to places like China , Bosnia - Herzegovina , and Indonesia to insure that the company ’s production rate and bottom line remained regular .
“ One thing that we learnt from COVID I think is really important to masses to understand : Our shoe are really simple , and so storm up factories could be very , very quick , ” Rees order analyst on Thursday , grant toInsider . “ You do n’t have a lot of external logistics to be able to get start . ”
The Vietnam factory closure have stunt product for many society that outsource their output as of late , includingNike and Lululemon . But not Crocs , babe . During the call with analyst , Rees reported that sales were up 73 % to $ 626 million during the most recent quarter , up from $ 362 million during the same meter period last yr .
Humanity may be doomed , but the clog dance is still king . Long live free - market capitalist economy . Long live Crocs .
COVID-19FashionJustin BieberNike
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