Nike and third party information (or the lack of it)greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
It would appear that even the big corps. have a problem with Y2K assurances.
NIKE INC - Annual Report (SEC form 10-K)
We have sent surveys to all of our significant suppliers and customers to
determine the extent to which we may be affected by those third parties' Y2K
preparedness plans. A substantial majority of our significant suppliers and
customers have not responded to our surveys, have not provided assurance of
their Year 2000 readiness, or have not responded with sufficient detail for us to
determine their Year 2000 readiness. In the absence of adequate responses, we are
making independent assessments of our significant suppliers and customers and
the countries in which they operate. These assessments include direct contact and
discussions with persons coordinating Y2K compliance efforts for our significant
suppliers and customers. We also research regulatory filings and other public
information available to NIKE provided by our significant suppliers and
customers and, in general, countries in which they operate. We have identified as
higher risk many of the countries that have been widely identified by government
agencies and public reports as being significantly behind in their Y2K status.
-- Brian (email@example.com), August 27, 1999
Well, this looks to me like proof that they do know where the factories are that their merchandise is made in. Nike is one of those transnational corporations that employs a lot of sweatshop labor, but they hide behind claims such as, "It's not us, it's our contractors. We don't even know where the factories are in those countries."
Ah well, the last shall be first and the first shall be last, as it is written.
-- robert waldrop (firstname.lastname@example.org), August 27, 1999.