Chinese fast fashion retailer Shein on Wednesday announced it is expanding its investment program to strengthen its supply chains. The company now wants to spend a total of around 70 million US dollars (63 million euros) on appropriate measures within the next five years. With the investments, the clothing supplier will “directly support its suppliers, the employees working there and their families,” according to a statement.
After the company committed $15 million to modernize supplier factories as part of its Supplier Community Empowerment Program (SCEP) initiative at the end of last year, Shein said it has now earmarked an additional $55 million. In the coming years, this will be used to finance “the continuous transformation of traditional production models through technological developments, further training initiatives for employees, improvements in infrastructure and services for suppliers”.