Shein is allegedly encouraging some of its China suppliers to set up production bases in Vietnam to avoid new US tariffs on ...
Chinese e-commerce and fast fashion platform Shein is reportedly expanding its production in Vietnam as it adjusts to a ...
Shein is reportedly looking to move production to Vietnam to combat US President Trump's plans to raise US tariffs.
Shein is said to be offering incentives for moving to Vietnam, such as procurement price increases of up to 30% and promises of larger orders, according to global news publication Bloomberg.
The move comes after the President Trump removed the “de minimis” rule, which allowed duty-free imports of low-value goods.
By expanding its supply base, Shein aims to mitigate the impact of U.S. tariffs that threaten its core business model.
Shein faces pressure from the UK government, potential tariffs on China and a global crackdown on ‘de minimis’ sales.
Shein is ramping up its production base in Vietnam to mitigate the impact of rising US tariffs on its supply chain. The fast-fashion giant is offering key Chinese suppliers temporary incentives ...
Still, small factory owners remain confident in the strength of the country’s garment supply chain. Read more at straitstimes ...
PDD Holding’s (PDD) e-commerce platform, Temu, and a privately held online retailer, Shein, have recently seen a major drop ...