Nike's failed SCM implementation cost the firm over $100 million in lost sales, depressed stock prices, and caused class action lawsuits.

Name: Nike's failed SCM implementation cost the firm over $100 million in lost sales, depressed stock prices, and caused class action lawsuits.
Brand: Quizplus
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Quizplus · Accepted Answer

This statement is true. In the early 2000s, Nike faced issues with its supply chain management implementation, which resulted in over $100 million in losses, stock price decrease, and class action lawsuits.

Nike's Failed SCM Implementation Cost the Firm Over $100 Million