Ch. 5 - Developing a Global Vision - Is Walmart Good For America?

My answer is no.  I will not pretend nor sugarcoat my opinions about this retail giant. Walmart business practice is unfair, and bad for the American consumer. Their main focus is to keep everything at a lower price. How did they do it? How can a small company can expand so fast yet keep their customers happy? It does come with a price. Their strategy is that Walmart buys and exports goods at lower cost which allow them to sell these items in the US at lower rate than other competitors. They won’t stop until they get their goods at the desired price.  If you are one of its suppliers you either agree to its betting price or else you’re out. When factories or plant like Rubbermaid could not keep up with their bargain price they auctioned their companies, which resulted in thousands jobs lost. Walmart saw an opportunity with China trade by having their plant at cheaper labor they took advantage of it. This business move has cost us billions in trade deficit.  In the end this partnership is more beneficial to China and Walmart than the US. It has also destroy most competitors big time