Business & Finance
24 May 2023, 5:11 pm 1 minute
Reuters exclusively revealed that online fashion giant Shein is exploring plans to build a manufacturing hub in Mexico as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint.
Market Impact
Shein competes with PDD Holdings’ (PDD.O) Temu, which sells low-priced items ranging from clothing to electronics from China in the U.S. They both face growing scrutiny from the U.S. Congress over what some lawmakers describe as their exploitation of U.S. trade laws. Shein also has come under fire in markets including India and Brazil for its supply-chain links to China.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Retail & Consumer Goods
Regions: AmericasAsia
Countries: ChinaMexicoSingaporeUnited States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
Credit
1: https://www.reutersagency.com/en/reutersbest/article/fast-fashion-giant-shein-plans-mexico-factory/
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