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Nike sweatshops. 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.
In 2009, Nike set up a model factory in Sri Lanka and sent managers there from all over the world. Since any change in operations can make suppliers less productive at first, the company signed long-term agreements with factories, pledging to stick with them as they learned how to meet deadlines using better methods and safer equipment rather ...
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 ...
Nike Vaporfly and Tokyo 2020 Olympics controversy. In 2017, Nike released the Nike Zoom Vaporfly Elite shoe, [ 1] which was advertised as "ultra-lightweight, soft and capable of providing up to 85-percent energy return." These "super shoes" became the focus of claims that they were a form of technology doping and that they provided athletes an ...
Socially responsible investing ( SRI) [a] is any investment strategy which seeks to consider financial return alongside ethical, social or environmental goals. [1] The areas of concern recognized by SRI practitioners are often linked to environmental, social and governance (ESG) topics. Impact investing can be considered a subset of SRI that is ...
The shoes contain three phrases including "Hypocrite Nike" and "Made with slave labor." In a tweet, Kanter said he would buy a plane ticket for Knight so the two could take a closer look at the ...
Nike, Inc.[ note 1 ] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [ 5 ] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [ 6 ][ 7 ]
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