Bank's Face A Crisis Of Confidence | Weekly Round Up
Inflection Point
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The Western None, They Might, but That's What the Western None Believes
Zara, which my daughter loves Zara. This company five years ago did not exist. Today, it's bigger than Zara and is about to pass H&M. Why? Because as companies tried to offshore out of China, they bought up all the manufacturing capability. They use AI to create fashion, fast fashion. It takes three weeks from idea to product, three weeks, Sheen, three days. And if a Zara dress costs 50 bucks, which is a bargain, right? A Sheen dress costs $13. I mean, 100% of their manufacturing in China, 100 per cent of their sales in America. But now what happened? The confidence game kind of left.
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