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How Walmart Is Changing China
.......and vice versa.
The world’s biggest corporation and the world’s most populous nation have launched a bold experiment in consumer behavior and environmental stewardship: to set green standards for 20,000 suppliers making several hundred thousand items sold to billions of shoppers worldwide."
http://www.theatlantic.com/magazine/archive/2011/12/how-walmart-is-changing-china/8709/
The world’s biggest corporation and the world’s most populous nation have launched a bold experiment in consumer behavior and environmental stewardship: to set green standards for 20,000 suppliers making several hundred thousand items sold to billions of shoppers worldwide."
http://www.theatlantic.com/magazine/archive/2011/12/how-walmart-is-changing-china/8709/
Admittedly a loong article, so didn't really expect everyone to read it.
The article is largely concerned with how WalMart cleaned up its image here in the US, and in doing so, is making positive changes in the quality of goods that China produces for itself.
And how similar the world's largest business, that VP Cheney heaped praises on, is similar - as a corporate culture - to modern Chinese culture/politics.
" And as China’s retail market—the world’s fastest-growing—expands by 18 percent a year, Walmart’s executives smell the intoxicating scent of more growth to come. Equally important, if not more so, some 20,000 Chinese suppliers, or “partners,” reportedly provide Walmart with about 70 percent of the nearly $420 billion worth of goods that it sells globally each year. (Because of the complexity of the global supply chain, the percentage from China is hard to calculate.)"
The article is largely concerned with how WalMart cleaned up its image here in the US, and in doing so, is making positive changes in the quality of goods that China produces for itself.
And how similar the world's largest business, that VP Cheney heaped praises on, is similar - as a corporate culture - to modern Chinese culture/politics.
" And as China’s retail market—the world’s fastest-growing—expands by 18 percent a year, Walmart’s executives smell the intoxicating scent of more growth to come. Equally important, if not more so, some 20,000 Chinese suppliers, or “partners,” reportedly provide Walmart with about 70 percent of the nearly $420 billion worth of goods that it sells globally each year. (Because of the complexity of the global supply chain, the percentage from China is hard to calculate.)"
Do you think most of the items sold in Walmart in China, are made in the U.S.A.?
Oh the irony...
Oh the irony...
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