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Listen "Liam Dann: NZ Herald business editor at large on Temu's harmful impact on local businesses"
Episode Synopsis
According to new reports, one in four New Zealand adults have bought something off Temu in the last three months. The Chinese e-retailer, alongside similar fast-fashion giant Shein, has experienced a significant rise in popularity thanks to cheap prices and free shipping. NZ Herald business editor at large Liam Dann says this boom in demand is harming traditional retailers, who are experiencing loss in demand during the current economic downturn. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. See omnystudio.com/listener for privacy information.
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