Logistics

Shein Workers Have Had It—and They’re Going Public

Shein Workers Have Had It—and They’re Going Public

Under Chinese law, only 10 percent of a company’s staff is supposed to be made up of labor dispatch workers. But Zhang says the regulations are often not rigorously enforced. She noted that companies can also circumvent the limit by hiring workers categorized under different outsourcing schemes that function in largely the same way, a strategy that job advertisements indicate Shein is using.A spokesperson for Shein confirmed to WIRED that the company “works with third-party vendors to staff the vast majority of our warehouse operations,” but declined to specify what percentage of the workers are categorized as labor dispatch. “Shein’s…
Read More
Amazon’s Shipping and Delivery Emissions Just Keep Going Up

Amazon’s Shipping and Delivery Emissions Just Keep Going Up

“Amazon prides itself on being an ambitious and innovative company, but it’s making quite a problem for itself with its air freight cargo growth,” Archer says. “If Amazon is serious about climate progress, that’s a really easy place to start: stop flying so much.”Amazon is no stranger to climate criticism. Its overall emissions have skyrocketed since it rolled out the Climate Pledge in 2019, despite an incremental drop in 2023. Last year, Amazon lost the support of a key UN-backed global climate organization, the Science Based Targets Initiative, for not meeting certain deadlines to set targets to reduce emissions; it…
Read More
IPhone Maker Hon Hai Beats Profit Estimates Thanks to AI Boom

IPhone Maker Hon Hai Beats Profit Estimates Thanks to AI Boom

Apple Inc.’s main manufacturing partner Hon Hai Precision Industry Co. said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted by demand for servers powering AI applications.The iPhone producer, also known as Foxconn, said on Wednesday that net income in the June quarter was NT$35 billion ($1.1 billion), largely in line with analyst expectations. Hon Hai’s revenue for the period, released earlier, surpassed estimates and came in at NT$1.55 trillion, up 19%. This was helped in large part by its growing business of supplying data center operators with…
Read More
South Africa Coal Export Line Will Need Five Years to Refurbish

South Africa Coal Export Line Will Need Five Years to Refurbish

South Africa’s state-owned rail company needs $669 million and five years to upgrade equipment to revive performance of its main export coal line, according to an internal report.Coal shipments plunged to a more than three-decade low of 48 million tons last year because of inefficiencies at Transnet SOC Ltd., which blamed lack of locomotives and spare parts for its woes. The two other major factors limiting the amount of the fuel shipped to the coast for export are infrastructure faults and issues with signaling systems, according to a final executive summary report seen by Bloomberg. Source link lol
Read More
Anglo Revamp, Unity Government Seen Igniting South Africa Stocks

Anglo Revamp, Unity Government Seen Igniting South Africa Stocks

A business-friendly coalition government and plans by Anglo American Plc to spin off one large subsidiary and possibly list another may trigger a sustained rally in South African stocks, the head of the main local bourse said. Even with the turmoil currently running through global stock markets, these developments are poised to snap South African equities out of more than a decade of torpor caused by economic stagnation and collapsing power and logistics services, said Leila Fourie, the chief executive officer of JSE Ltd., which runs the exchange. Source link lol
Read More
Shopify’s Second-Quarter Results Exceed Estimates; Shares Rise

Shopify’s Second-Quarter Results Exceed Estimates; Shares Rise

Shopify Inc. reported second-quarter results that exceeded analysts’ estimates, suggesting that the Canadian e-commerce company is managing to navigate cautious consumer spending. Revenue for the period came in at $2.05 billion, up about 21% year-over-year and beating the $2 billion average estimate of analysts surveyed by Bloomberg. Profit, excluding one-time items, was 26 cents a share, above the 20 cents expectation. Source link lol
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.