Walmart business decision: Supermarkets and grocers across the country have responded to changing business environments by making and adopting self preserving decisions in times of crisis and making expansion decisions whenever they sense opportunity.
Walmart business decision
Supermarkets and grocers across the country have responded to changing business environments by making and adopting self preserving decisions in times of crisis and making expansion decisions whenever they sense opportunity. Some companies however respond to customer requirements or public criticisms. Walmart is the world’s largest retailer by revenue. In March this year the store’s CEO revealed a plan to pump $350 billion on products made, assembled or grown in the U.S. over the next decade. Walmart’s decision seems to arise due to public criticisms in 2019 following a study that revealed that the products labeled as “Made in US” were not entirely made in the US. This decision is aimed at protecting the environment and increase more jobs within the country as more of its products will be locally made. Currently the retailer sources two thirds of its products locally. In doing this the retailer will be supplying more of American produce to the world.
The investment according to the company CEO will create an estimated 750,000 jobs results from a collaborate study with Boston Consulting Group. Walmart’s business decision is anchored on six priority areas to achieve its objective, these are ; food processing, pharmaceutical and medical supplies, plastics, , not for resale goods, small electrical appliances and textiles.
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