VW’s $5.8B Rivian Deal Hinges on Key Milestone Achievements
Volkswagen Group has invested a substantial $5.8 billion in Rivian, a promising electric vehicle (EV) startup. However, this investment …
July 18, 2022: -Chinese fast-fashion giant Shein hopes to make an initial public offering in the United States as soon as 2024, according to a report from Bloomberg, which cited people familiar with the matter.
Yet it faces environmental, social, and governance, or ESG, concerns that could be an obstacle to an IPO, according to the report. Previously, Shein had sought a 2022 IPO in the U.S.
Shein, which has a $100 billion valuation, has drawn scrutiny for its cheap product line built on a fast and prolific production chain.
A probe by Swiss watchdog group Public Eye said some of Shein’s manufacturers have been subjecting employees to dangerous conditions and 75-hour workweeks.
While these concerns have not dissuaded large investors such as Sequoia Capital China, IDG Capital, and Tiger Global Management, recent executive moves within Shein appear to focus on improving their ESG appearance in preparation for a public offering to Bloomberg.
Shein didn’t immediately respond to CNBC’s request for comment.
Critics still take issue with Shein garment’s short-term wearability, and the criticism has spread to fast fashion more broadly. A 2019 World Bank report stated that the annual number of new clothes produced had doubled from the 50 billion paid in 2000.
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Volkswagen Group has invested a substantial $5.8 billion in Rivian, a promising electric vehicle (EV) startup. However, this investment …
The Lake Companies knows that to achieve best practices, specific daily business processes must happen and be done as simply as possible, even without human effort. “That’s how we develop our ERP software products. We strive to completely transform internal business processes and revolutionize the user experience with our software,” says Greg Lake, President of The Lake Companies. “Building the support for best practices in our software allows our customers to achieve far more than they anticipated, while paving the way for growth into advanced IoT and Industry 4.0 technologies. Our Simple, Elegant, and Powerful solutions are built specifically for and seamlessly integrate with Infor’s SyteLine®(CloudSuite®) ERP.”
Omron Automation Americas is a division of Omron, an industrial automation leader that creates, sells, and services fully integrated automation solutions including sensing, control, safety, vision, motion, robotics, and more. Established in 1933, Omron’s team of more than 30,000 employees helps businesses solve problems with creativity in more than 110 countries around the world.
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Using Industrial Automation to Revitalize Infrastructure
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Exel Computer Systems plc was established in 1985, and today, the company is a leading force in providing comprehensive, AI-enabled solutions for manufacturing companies and field service providers. Exel serves an increasingly diverse customer base, which includes small, medium and large size companies. With hundreds of successful implementations and thousands of users in the UK and worldwide, Exel has a proven track record of working with some of the world’s most well-known companies.
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