ShipMatrix President Satish Jindel joins Yahoo Finance Live to discuss the impact of geopolitical tensions on global trade which could lead to increased prices for the consumer.
Jindal also spoke about China's e-commerce giants Shein and Temu which are thriving in the US. He praised both companies' “impressive” story—the ability to consolidate production and manufacturing processes in a way that is extremely cost effective. Jindel suggests that rising labor costs in the US makes buying products from China “more attractive” due to cost benefits.
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