NIKE partners with world-class, sketch-to-scale manufacturer
NIKE, Inc. (NYSE:NKE) announced today a partnership with Flex
(NASDAQ:FLEX), a world-class global manufacturer, to accelerate NIKE’s
vision to bring advanced innovation to its manufacturing supply chain.
Working together, NIKE and Flex will deliver footwear innovation that
enables product to reach consumers more quickly, with customized
solutions and increased performance innovation.
NIKE has been actively developing new technologies to enhance its
manufacturing business model for the past few years with investments in
automation, modernization, sustainability, and innovative new methods of
manufacturing such as Flyknit. The partnership with Flex advances this
work by bringing new capabilities and expertise outside of the existing
footwear industry to create future systems for making product and to
catalyze innovation across NIKE’s global supply chain.
“Flex’s proven expertise in design, engineering and manufacturing in
industries like automotive, medical and consumer electronics make them a
perfect partner to help us revolutionize footwear manufacturing,” said
Eric Sprunk, Chief Operating Officer, NIKE, Inc. “Together, the future
of personalized, rapidly-delivered product that is made more efficiently
and with less waste is well underway.”
NIKE is currently working with Flex at its Milpitas, Calif., innovation
campus testing new methods of make, automation techniques and broad
disruptive technologies. Flex will also be undertaking a product
customization program near NIKE’s Memphis, Tenn., distribution center.
“NIKE is an iconic brand and innovative leader - always providing the
best designs, performance and quality to consumers,” said Mike McNamara,
Flex CEO. “We are thrilled to be their sketch-to-scale partner,
collaborating to bring innovative supply chain and product solutions and
high-quality, advanced manufacturing to NIKE and their consumers.”
“When you combine the new Advanced Product Creation Center at our world
headquarters in Oregon, the product customization project in Memphis,
and the innovation work at Flex’s Lab in California, we have a powerful
opportunity to deliver new performance innovation to consumers through
advanced, world-class manufacturing,” said Sprunk.
A phased approach to testing, developing and creating new methods of
production will enable NIKE and Flex to develop an eco-system of
suppliers and vendors to support long-term, sustainable manufacturing
closer to major markets.
Investors and media are invited to view the webcast at http://investors.nike.com
or visit www.nikenews.com.
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon, is the world’s leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Wholly-owned NIKE, Inc. subsidiary brands include
Converse, which designs, distributes and licenses casual sneakers,
apparel and accessories; and Hurley, which designs and distributes a
line of action sports and youth lifestyle apparel and accessories. For
more information, NIKE, Inc.’s earnings releases and other financial
information are available on the Internet at http://investors.nike.com
and individuals can follow @Nike.
About Flex
Flextronics International Ltd. is a leading sketch-to-scale™ solutions
company that designs and builds intelligent products for a connected
world. With approximately 200,000 professionals across 30 countries and
a promise to help the world Live smarter™, the company provides
innovative design, engineering, manufacturing, real-time supply chain
insight and logistics services to companies of all sizes in various
industries and end-markets. For more information, visit www.flextronics.com or
follow us on Twitter @Flextronics.
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