"Nike CEO's Bold Move: Realignment to Boost Innovation Amid Remote Work Challenges"

Nike CEO John Donahoe believes that remote work hindered bold, disruptive innovation, leading the company to realign and focus on rebuilding its innovation pipeline. Despite revenue growth, Donahoe acknowledged a lack of bold innovation, partly attributing it to remote work and supply chain issues. The company plans to cut costs and has already reduced its workforce. Donahoe's endorsement of in-person work adds to the ongoing debate over the future of work, as many workers prefer remote or hybrid arrangements. Nike aims to showcase its product innovation at the upcoming Olympics while facing competition from emerging rivals.