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Nike was doing two kinds of audits, one mostly based on paperwork and the other incorporating the impressions of its staff after visiting factories. From 2001 to 2005, the paperwork audit showed that working conditions in almost all of Nike’s suppliers were steadily improving.
A study by the Nike-founded Global Alliance for Workers and Communities found that 70% of Nike factory workers in Thailand rated their supervisors as good, and 72% thought their income was fair. In Vietnam, most workers "thought the factory was a 'good place to work' and planned to continue at least three years," and 85% of those polled felt ...
Burberry’s stock dove 4.6% while Nike slid 4%. The companies issued similar statements, claiming they had “concerns” over the claims of labor abuse in the Chinese region.
Keady publicly refused to support Nike and was forced to resign his position as soccer coach. [1] After resigning, Keady continued to research the conditions in Nike's Sweatshops. He traveled to Indonesia and for a month lived among the Nike factory workers, surviving on the $1.25 per day wage the workers earn. [2]
David Swartz, Morningstar Research Equity Analyst, joins Yahoo Finance Live to breakdown Nike's latest financial results, supply chain challenges and the company's move to cut revenue forecasts.
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
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Today, more than 24,000 organizations around the world are using the Higg Index, [2] and its global reach and variety ensure that the SAC can now catalyze change from within the industry. However, the Higg Index has been criticized by some for using poor data and a non-transparent approach resulting in potentially misleading information on ...