There are reports that Shein will establish a large warehouse in Vietnam to hedge against US tariffs.
Two知情 sources told Reuters that the fast fashion online retailer Shein is leasing a large warehouse in Vietnam, which will be the company's first warehouse in Vietnam. This move may reduce its risk of being affected by unpredictable Sino-US trade tensions.
One of the sources and another person said that besides the large warehouse (equivalent to about 26 football fields), Shein has also been seeking to rent more warehousing space in southern Vietnam for storing contractors' clothing and apparel prior to exportation.
Original article: https://www.toutiao.com/article/1832230609443914/
Disclaimer: The article only represents the views of the author.