Updated
The most significant concentration Nike discloses is four footwear contract manufacturers at 60%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Nike’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'four footwear contract manufacturers each accounted for greater than 10% of footwear production and in the aggregate accounted for approximately 60% of NIKE Brand footwear production'”
“10-K Item 1: 'factories in Vietnam, Indonesia and China manufactured approximately 52%, 27% and 16% of total NIKE Brand footwear'”
“10-K Item 1: 'NIKE Brand and Converse sales in the United States accounted for approximately 44% of total revenues'”
Nike's concentration is concentrated in manufacturing rather than customers. Four footwear contract manufacturers each accounted for greater than 10% of footwear production and in the aggregate approximately 60% of NIKE Brand footwear production, a high-share dependency. Geography compounds it: factories in Vietnam, Indonesia and China manufactured approximately 52%, 27% and 16% of total NIKE Brand footwear, so Vietnam alone is a high-share exposure. The supplier and country exposures overlap, since the same contract manufacturers operate those factories, meaning a disruption in one country would reach several of the key suppliers at once. On the demand side, NIKE Brand and Converse sales in the United States accounted for approximately 44% of total revenues, a medium-share structural exposure that reflects the home market rather than a counterparty. Netting these out, the demand mix is a structural feature, while the footwear sourcing concentration in a few manufacturers and in Vietnam is the idiosyncratic item most likely to move the verdict, through trade policy, regional disruption or supplier-specific problems.
For the engine’s reasoning on NKE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| NKE● | Nike, Inc. | 2 | 1 | 0 | 3 |
| SHOO | Steven Madden, Ltd. | 2 | 1 | 0 | 3 |
| DECK | Deckers Outdoor Corporation | 1 | 1 | 0 | 2 |
| FOSL | Fossil Group, Inc. | 1 | 0 | 1 | 2 |
| CROX | Crocs, Inc. | 0 | 3 | 0 | 3 |
| WEYS | Weyco Group, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.