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Published · transcript-backed

Speaker unverified: belief

16 May 2022 Acquired Arena Show Part II: Brooks Running (with CEO Jim Weber)

“Now in Vietnam, the whole industry on performance is really focused there, principally. I think the big guy has 60% of their footwear coming out of Vietnam.”

— Speaker unverified

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Everything needed to verify it.

Speaker
Speaker unverified
Attribution
Not verified from this transcript
Claim type
belief
Recorded
16 May 2022
Publisher
Acquired

Transcript context

…In 2016? 2019, and it didn't work. We just disappointed customers for 3–6 months. It was awful. We never have done that. We execute well. Now in Vietnam, the whole industry on performance is really focused there, principally. I think the big guy has 60% of their footwear coming out of Vietnam. The South was shut down last Q3, July, August, September. Forty-five percent of my factories didn't make a shoe for three months. We grew 31% last year. We got 43% coming into that product issue and we're experiencing it now. Now we believe we're getting back on the curve. But what we've learned is, what is resilience and agility look like in supply chain? You got to diversify risk. At our size that we're at, operationally, there's real risk there. We're thinking long and hard about that. We're working hard at it. Those are the things that are disrupting us right now. Covid's still alive. Yup. All right, one closing topic. You battled, survived, and beat cancer while building this incredible business. How has that changed your perspective on leading on the way you spend your days and on life broadly?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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