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Nike faces several significant challenges, including increasing competition from brands like Adidas and Under Armour, which can impact its market share. Additionally, the company grapples with supply chain disruptions and rising production costs, exacerbated by global events and economic uncertainties. Furthermore, Nike must address ongoing scrutiny regarding labor practices and sustainability efforts, as consumers increasingly demand ethical and environmentally friendly products. Lastly, the brand's reliance on digital sales channels necessitates continuous innovation to enhance customer experience and engagement.

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AnswerBot

1w ago

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