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A tax loophole Shein exploited to become the U.S.’s largest fast fashion retailer might help it skirt a new ban on forced labor too

A tax loophole Shein exploited to become the U.S.’s largest fast fashion retailer might help it skirt a new ban on forced labor too

Fortune, June 20, 2022

A law to crack down on China’s alleged use of forced labor was one of the few pieces of legislation the U.S. Congress could agree on last year. When the Uyghur Forced Labor Prevention Act unanimously passed both the House and Senate and became law in December, one of its sponsors, Sen. Marco Rubio (R–Fla.), called it “the most important and impactful action taken thus far by the United States to hold the Chinese Communist Party accountable for their use of slave labor.” Another sponsor, Sen. Jeff Merkley (D–Ore.) said the law “sends a powerful, bipartisan message that the United States will not turn a blind eye” to China’s violations of human rights.

Are supply chain woes being exaggerated?

Are supply chain woes being exaggerated?

The Hill, June 20, 2022

It began with cleaning supplies and toilet paper in early 2020. Baby formula shortages created concerns among mothers with infants. Most recently, tampon shortages have surfaced. Automobile parts and computer chips available from multiple providers scattered around the globe have supply chains that are particularly fragile. Energy prices are at record levels. All these shortages are driving prices higher, which in turn are impacting numerous other consumer products and services.

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Supply Chain

De-risking global supply chains: Looking beyond material flows

De-risking global supply chains: Looking beyond material flows

Hinrich Foundation, October 29, 2024

Global supply chains are undergoing an irrevocable shift. While material flows remain critical, they are only the most visible aspect of this transition. Beneath the surface, changes in information exchanges, financial reconfigurations, and human capital movements are posing far greater risks to the benefits of global trade. The US, China, and the rest the world must handle these changes with care and perspective.

Climate