Comments Read by 34, people Earlier this week Michael Snyder warned that the bottom of our food chain is going through a catastrophic collapse with sea creatures dying in absolutely massive numbers.
Nike would be one of the U. The current Trump administration objective toward renegotiated trade deals with China represents the most significant and mostly quantifiable threat to the Nike business plan. This is the epicenter of the issue. It is not coincidental that Nike stakes out a political position in opposition to those pending tariffs.
The Nike contracts with China have almost certainly been sub-contracted to non-publicized, generally secret, manufacturing facilities in North Korea Using North Korea to produce cheap clothes for sale around the globe shows that for every door that is closed by ever-tightening U.
The UN sanctions, introduced to punish North Korea for its missile and nuclear programs, do not include any bans on textile exports. Like many people Reuters interviewed for this story, he spoke on condition of anonymity because of the sensitivity of the issue.
The contracts are with Chinese companies, but a corrupt Beijing process allows many liveleak business plan by China- companies to use DPRK sweatshops as sub-contractors. Due to the scale of operations, Nike uses contracted manufacturing in multiple nations.
The use of sub-contractors allows plausible deniability toward the North Korean facilities by the parent corporation signing the contract s. A multinational company doing simultaneous business with ASEAN nations, China and North Korea for the majority of their manufacturing is extraordinarily exposed to the risks inherent within a U.
Losing the entire supply chain, all future inventory and an inability to manufacture goods would cost much more than if half of the U. In fact, with so much on the line, Chairman Xi Jinping would openly embrace and assist anti-U.
To that extent Beijing the ultimate decision-maker and approval body would willingly lower production costs to offset any drops in U. A rather interesting quid-pro-quo. And that answers the question: The Nike political branding position is reconciled when you look at the bigger picture and see where the real financial risk aligns.
The Nike economic decision is to align with China, and by extension North Korea, for a position of mutual benefit.
China is willing to subsidize Nike lower production costsand replace any dropped revenue, in exchange for mutually beneficial political opposition against Trump and by extension his policies that are a risk to Beijing.
As a result there is minimal financial risk to the Nike Corporation.
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And with the current multinational Wall Street agenda now being confronted, we should not expect this approach to stop at Nike.
Likely, many more multinational globalist corporations, specifically those in the apparel sector, will stake out a similar position.
Remember, part of the brand and business is also apparel; an industry virtually wiped out in the U. Small companies, those more nationally minded, gain from the Trump business tax cuts, expensing and investment opportunities.LiveLeak.
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