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Nike, Inc. has been accused of using sweatshops and worker abuse to produce footwear and apparel in East Asia. After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia.
But these second-gen practices couldn’t insulate factories from the countries where they operated. The Nike training worked wonders in Mexico, but had no effect in China or Sri Lanka. Between 8 and 10 percent of Mexican workers quit every year. In China, it was that high per month: They were training employees only to send them to other firms.
Nike has been criticized for contracting with factories (known as Nike sweatshops) in countries such as China, Vietnam, Indonesia and Mexico. Vietnam Labor Watch, an activist group, has documented that factories contracted by Nike have violated minimum wage and overtime laws in Vietnam as late as 1996, although Nike claims that this practice ...
The same study also found that anti-sweatshop events also seemed to correspond with lower stock prices for the companies that were the target of these events, though some major anti-sweatshop events such the Kaksy lawsuit against Nike, did not result in any discernible change in stock price of the targeted company. The study found that 64.1% of ...
In Q3, Adidas reported a sales decline in China of 15%. Nike’s revenue in greater China fell 24% in its fiscal second quarter. Boycotts aside, analysts said these brands need to create products ...
Enes Kanter takes direct shot at 'money over morals' LeBron James in stand vs. Nike, China. ... Nike has been under fire for years for its use of cheap labor, called slave or sweatshop labor, ...
The footwear giant's China business is still in recovery mode after pandemic-related supply chain issues and a boycott among Chinese consumers toward Western brands caused Nike sales to take a hit ...
Many sweatshops are located in China, where the workers are underpaid and overworked in unsafe environments. China produces 65% of the world's clothing, [2] with a majority of these clothes being labeled as "fast fashion". The top ten competitors in the fast fashion market make up 29.13% of the whole fashion market in 2020.