Rapid growth of Temu and Shein threatens US businesses and consumers, Biden says.
Archived version: https://web.archive.org/web/20240913222431/https://arstechnica.com/tech-policy/2024/09/biden-moves-to-crack-down-on-shein-and-temu-slow-shipments-into-us/
I’m an employee in the U.S., working for a large international shipping company with a yellow and red logo. We’ve been struggling to maintain profitability stateside since the COVID shipping boom ended. Shein and Temu are basically keeping the U.S. operation afloat making up a significant double digit percentage of our revenue currently.
We can’t compete domestically as our rates are sky high compared to brown and purple and we’ve become overly dependent on these Chinese retailers. I’d say this is a good signal to find a new gig.
And regular mail has been basically carried by spam for decades. It’s a real problem - how do you fix an industry if it’s entirely dependent on the problem you’re trying to solve? Everyone involved will fight you and the consumers will lose no matter what, short of public funding or other options that will be labeled “socialist” and never pass in this political climate.
In Japan, the post office doubles as a bank.