Nike Competitor Analysis

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Nike competitor analysis Nowadays Nike is among the top athletic products if not the best and most established brand in the market. The “swoosh” logo is widely recognized today due to their massive popularity. This has been achieved by delivering their high quality products with great value. The various updated designs and strong marketing approach helps Nike obtain and hold their place in the market. Nike’s current competitors in the athletic footwear industry include: • Reebok • Adidas • Converse • New balance Nike have been manufacturing their products throughout the Asian region for nearly three decades, and nowadays there are over 500,000 people directly engaged in the manufacturing of their products. Nike currently obtains 47% of the market share for domestic footwear industry, with reaching $3.77 billion. They use an extremely sophisticated outsourcing strategy, using only subcontractors throughout the globe. The majority of their output today is produced in factories across China, Indonesia and Vietnam, as well as having factories in the Philippines, Italy, South Korea and Taiwan. Reebok which is the second best manufacturer of footwear has domestic revenues of $1.28 billion and a market share of 16%. like Nike, they utilize an outsourcing strategy which uses 100% of resources with no waste and manufacture their products throughout Asia. Reebok have created and established their own code of conduct for manufactures to follow their footsteps however have a less established infrastructure than Nike across the globe to enforce it. Reebok are now undergoing great changes regarding the wage, overtime, and air quality issues of employees and are still working to address these issues. Reebok are well aware of their main goal to become top of the market as they focus on their core competencies, and outsource their production. Adidas is currently enjoying

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