These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. The report did not document factories using Uyghur labor supplying every one of these companies directly. Even so, it suggests a failure among companies of all sorts to monitor the partners making their products, even if they often claim to have robust programs in place to prevent these types of abuses.
Nike Sweatshops: The Truth About the Nike Factory Scandal | New Idea Magazine
The first section of this paper supplies a brief company background of Nike and the accusations against the company, establishing the context for its ethical and strategic errors. The third section explores the challenges Nike faces in the future. These continuing pressure impacted on the negative image and decreasing revenue of the company. Thus, this essay will discuss whether Nike has transformed as an ethical company or not by evaluating sweatshop utilization, environment and corruption issues in this company. The use of sweatshop in multinational companies has become a common practice around the world. The main reason is because it could maximize profit by overseas manufacturing with lower labour costs.
Nike and its scandals: how to remain valuable after a year full of polemics?
While no one advocates for labor abuses, poor working conditions are often seen as an inevitable consequence of global trade. Producers in less-developed countries compete by keeping costs low. Conventional wisdom holds that improving working conditions which typically costs money would undermine the competitive advantage these firms enjoy.
Numerous credit this to Adidas' quality, styling and notoriety. Adidas is as of now the biggest supplier of athletic shoes in Europe. Adidas positions second around the world, with their items offering in very nearly nations. In alone, Adidas deals totaled 3 billion dollars.