Profit

Watch part 1 (1:00 - 2:24) of this video about Shein and answer the questions: 1. How does Shein determine which designs to produce more? 
 2. What is the difference between Shein&production model and traditional retail in terms of order quantities and timing? 
 3. How does Shein&inventory turnover rate compare to its competitors like H&M and Zara? 
 4. Why does Shein use a small batch model for production? Watch part 2 (2:24-4:24)ofthisvideoandfillinthegaps: Shein, a popular online retailer, works with numerous smaller manufacturers to offer __________(1) to consumers. The company uses a system where designers create a product, prepare __________(2), and then identify a contract manufacturer to produce the item. Shein&ordering platform can automatically place new orders based on the __________(3) in real-time. By ordering in smaller batches, Shein aims to reduce the risk of excess unsold inventory, saving up to __________(4). Critics argue that Shein&low prices may lead to increased consumption and potentially higher overall __________(5). Despite concerns, a 2023 UBS report revealed that Shein shoppers in the U.S. spend significantly more on clothing compared to the __________(6). The brand&ability to maintain low prices is a subject of scrutiny regarding its impact on __________(7) and waste levels.