Wal Mart food price rollback
"Samantha Hill" > wrote
> Go to Hulu and watch, "The Age of Walmart" and "The New Age of Walmart,"
> and you will get a better picture of what they are talking about. Things
> like paying employees as little as possible and forcing suppliers to slash
> their profits to the bone for the sake of lower prices so that Walmart can
> make more profits. IMO, it's not the lower prices that are the problem;
> it's the robber baron mentality.
Wal-Mart has never forced a supplier to slash their profits. They do it
willingly, mostly due to greed and the big volume they can get selling to
Wal-Mart.
About five years ago our largest customer (major appliance manufacturer)
tried to get similar concessions from us on pricing. We told them no, where
do you want us to ship your tooling? They moved the $1 million worth of
business to one of our competitors that happily grabbed the business at the
low price offered. A year later or, they closed there plant and filed
Chapter 11.
Google the articles on Wal-Mart and Vlasic pickles and Wal-Mart and Snapper
mower. One said yes, the other said no.
Shed no tears for their suppliers. They have options.
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