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Background Info
Nike is an American TNC that is engaged in the design, development, manufacturing and
worldwide marketing and sales of footwear, apparel, equipment and accessories

The company was founded on January 25, 1964, as Blue Ribbon Sports, by Bill Bowerman
and Phil Knight,and officially became Nike, Inc. on May…

Page 2

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Nike employs more than 700,000 contract workers in over
700 factories worldwide.

The list includes 124 plants in China, 73 in Thailand, 35 in South Korea and 34 in Vietnam s)
where labour costs are lower than in MEDCs

More than 75% of the workforce is based in Asia


Page 3

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Host Country
Outsourcing creates substantial employment in
Vietnam which will help to improve the skills
base of the local population.

Exports are a positive contribution to the
balance of payments and the contribution to
local tax helps pay for new and improved

Workers at nine Nike plants in…


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