Why do Nike have factories in so many countries?

Nike has factories in numerous countries to take advantage of lower labor costs, which helps to reduce production expenses and increase profit margins. Additionally, having a global manufacturing footprint allows Nike to diversify its supply chain, mitigate risks associated with political or economic instability, and respond more swiftly to regional market demands. This strategy also enables the company to leverage specific expertise and resources available in different regions, enhancing overall efficiency and innovation in production.