Tuesday, 8 January 2008

Wal-Mart and China: The Ultimate Joint Venture

Then go to: WakeUpWalmart.Com

1 comment:

Unknown said...

China is the largest exporter to the US in virtually all consumer goods category and Wal-Mart is the leading retailer of consumer goods in the US. So uncanny and strong is the mutual dependency between China and Wal-Mart that they have been called as the “ultimate joint venture” by some. Wal-Mart’s dramatic rise in overseas production and sourcing was aresult of landmark changes in public and global trade policies supported by bipartisan consensus for the last 25 years.

Wal-Mart has reached such levels of sophistication in its international sourcing that it is always one step ahead of its competitor in either new product development or sourcing the same product for a nickel less and thereby doing justice to its motto of “everyday low prices”. The impact of the rise of Wal-Mart on other US-based retailers and manufacturers bears striking resemblance to the impact of the rise of China as a manufacturing force on other Asian manufacturing-exporting countries.

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