INVESTMENT SUPPLY CHAIN GLOBAL
By IFAB MEDIA - NEWS BUREAU - May 3, 2023 | 36 1 minute read
Shein, the Chinese ultra-fast fashion company, has committed to investing $70 million over the next five years to upgrade its supply factories, enhance worker facilities, and increase automation. Additionally, the company has pledged to contribute an additional $55 million to its Supplier Community Empowerment Program (SCEP) to support its third-party manufacturing suppliers, their workers, and families.
This announcement follows Shein's Executive Vice-Chairman, Donald Tang's statement at the World Retail Congress in Barcelona, stating the company's focus on sustainability in the future. Shein's commitment to modernizing its supply chain and improving worker facilities demonstrates its efforts to improve its reputation in the fashion industry.