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Fast-fashion retailer Shein is bolstering its senior leadership team as it prepares to launch its U.S. marketplace. In line with its expansion plans and to ensure regulatory compliance, the company is hiring an AML and compliance executive. This strategic move comes as Shein aims to deepen its footprint in North America and diversify its operations beyond China.
Furthermore, Shein is actively seeking a U.S. head of logistics who will act as a crucial liaison between the company's U.S. and Singapore headquarters. The specific timeline for filling this role has not been disclosed by the company.
The appointed head of logistics will play a pivotal role in managing Shein's relationships with third-party logistics firms, warehouses, and trucking companies. Their responsibilities will include optimizing the import process, handling daily customs clearance exceptions for cross-border sellers' orders, and ensuring smooth coordination with the retailer's overseas logistics team.
Shein, known for its affordable $10 dresses and $5 accessories, has faced scrutiny from various governments over its ties to China. U.S. and Brazilian lawmakers, in particular, have raised concerns about the company's utilization of customs exemptions, which allow low-cost packages to enter countries duty-free. The increased scrutiny has prompted calls for investigations into Shein's supply chain practices, including allegations of forced labor.
A bipartisan group of U.S. representatives has urged the Securities and Exchange Commission to halt Shein's planned initial public offering until the company can verify that it does not engage in forced labor. In addition, a separate group of lawmakers has written to Shein, highlighting concerns about forced labor and the exploitation of customs exemptions. Shein has denied using forced labor and has expressed its commitment to upholding human rights and complying with local laws and regulations in the markets it operates in.
By fLEXI tEAM