Nike Free Trade Agreements
President Obama visited Nike on Friday to urge Congress to pass trade laws. But Fair-Labor supporters say Nike is a child to be posted for the pitfalls of free trade agreements. In the global economy, supply chain management requires the management of trade and customs controls, quality rules and international relations. Global supply chain management is highly specialized and complicated. Some companies do nothing but manage supply chains for other companies, while others offer the service in addition to their core business. For example, the following action appears on FedEx`s website: sneaker manufacturers, automakers and retail giants are facing turbulence in their international operations, while President Donald Trump continues a dramatic overhaul of U.S. trade policy. “I`m glad we have responsible adults around Trump who will make things better for America without harming trade,” Miller said in an interview. “Wilbur said he supported optimizing NAFTA and didn`t blow it up.” 1 www.fool.com/investing/2017/10/30/nike-inc-is-totally-rethinking-north-american-reta.aspx, www.fool.com/investing/2017/09/20/in-pursuit-of-growth-nike-is-playing-offense-to-wi.aspx 2 www.bcg.com/publications/2017/retail-marketing-sales-profiting-personalization.aspx Nike Inc., a huge footwear importer, says a proposed Pacific trade agreement backed by President Barack Obama would help bring thousands of jobs to the United States.
It`s no surprise that Nike is a strong advocate of free trade, given the company`s financial impact and global reach. Nike products are manufactured in 566 factories, distributed in more than 75 distribution centers and sold in more than 30,000 retailers in more than 190 countries [ 5]. Mark Parker, President and CEO of Nike, said, “We believe that agreements that promote free and fair trade allow Nike to do what we do best: innovate, grow our businesses and drive economic growth.” Unfortunately, with the election of Donald Trump, the United States withdrew from the TPP agreement and free trade is increasingly rejected by American and European voters, as evidenced by the 2016 U.S. election, Brexit and the growing power of the nationalist movement in both regions. But for years, Fair-Labor supporters have seen the company as a flagship of why free trade agreements like the TPP hurt the United States. They relocate jobs to low-income foreign workers, where labour rights are scarce.