China e-commerce giants Shein and Temu are quickly growing their footprints in the U.S., posing a threat to U.S. retailers.
ShipMatrix President Satish Jindel tells Yahoo Finance the growth of fast-fashion is 'important to realize' amid consumers' ability to 'buy products almost directly from the manufacturer,' which lowers costs.
"Temu and Shein are getting the orders from the consumer, then obtaining the products from the small manufacturer in China, then packaging and validating quality in real time, eliminating the need for a lot of warehouses," Jindel said.
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