HomeworkLib
Question

1. Wal-Mart's recent announcement that it would source $50 billion of goods locally instead of from...

1. Wal-Mart's recent announcement that it would source $50 billion of goods locally instead of from foreign suppliers drew praise from its critics. Why did they object to the use of foreign suppliers? Do you agree with their position? Should Wal-Mart source goods locally?

business   Operations-Management   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Walmart objected that the use of foreign suppliers because the local and national suppliers also need a market to sell their finished products. It boosts and helps the local economy and also provides an option for the customers to look for local products. Furthermore, importing products from internal suppliers incurs huge supply/transportation costs.

I completely agree with the position and Walmart should source goods locally because it helps the locals boost the local producers and provides them a market to sell their final goods.

Note: If you liked the answer please give an Up-vote, this will be quite encouraging for me, thank you!

0 0
Add a comment
Know the answer?
Add Answer to:
1. Wal-Mart's recent announcement that it would source $50 billion of goods locally instead of from...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • companies, such as Nike and Wal-Mart that source extensively from foreign suppliers located in countries where...

    companies, such as Nike and Wal-Mart that source extensively from foreign suppliers located in countries where wages are low and substandard working conditions are common to institute supplier codes of conduct and undertake programs to monitor and ensure supplier compliance with these codes of conduct? Would you recommend that a company join the Fair Labor Association and use FLA’s standards and program of factory audits instead of trying to set up its own supplier monitoring and compliance effort? What can...

  • Please read case article, "Attention Kmart Shoppers? Into and out of Bankruptcy" and help me come...

    Please read case article, "Attention Kmart Shoppers? Into and out of Bankruptcy" and help me come up with a solution for the case as well as action steps to implement the solution! Thank you!! ATTENTION KMART SHOPPERS? Former Kmart CEO, Charles C. Conaway, failed in his 19-month effort to revive the iconic firm, resulting in the largest retailing bankruptcy filing in history on January 22, 2002 (Davies, et al., 2002). On March 11, 2002, bankrupt Kmart named James B. Adamson...

  • Use Wal-Mart's financial statements to compute the following ratios (20-31) for the year ended January 31,...

    Use Wal-Mart's financial statements to compute the following ratios (20-31) for the year ended January 31, 2013. 20. Current ratio А. 83 В. .97 C 65 D. 50 21. Acid-test (quick) ratio A. .10 В. .15 С. 20 D. 25 22. Accounts receivable turnover A. 65.10 times B. 69.90 times C. 73.85 times D. 78.93 times 23. Inventory turnover A. 5.45 times B. 6.87 times C. 7.16 times D. 8.34 times 24. Profit margin A. 2.75% B. 3.62% C. 4.18%...

  • CASE 12.2 The Price of Life In a surprising announcement, the world's second largest pharmaceutic...

    CASE 12.2 The Price of Life In a surprising announcement, the world's second largest pharmaceutical company, GlaxoSmithKline (GSK), announced that it would slash prices on the pharmaceuticals it sold in the world's poorest countries. The company challenged other pharmaceutical firms to do the same. Specifically, GSK declared that it would cut prices for all drugs in the 50 least developed countries to a level no higher than 25 percent of the price charged in the United States. The company also...

  • CAPGEMINI: WHY CENTURY-OLD RFID TECHNOLOGY CAN DISRUPT MODERN RETAIL SUPPLY CHAINS Amazon’s recent announcement of additional...

    CAPGEMINI: WHY CENTURY-OLD RFID TECHNOLOGY CAN DISRUPT MODERN RETAIL SUPPLY CHAINS Amazon’s recent announcement of additional investments in Artificial Intelligence (AI) and drones in the UK should be a wake-up call for all retailers, from supermarkets to apparel stores. UK retailers can learn a lot from how their US counterparts are responding to Amazon’s innovations and the unexpected technology at the heart of their response. Amazon’s investment, paired with its physical store experiment, Go, shows that the technology company has...

  • Apple Suppliers & Labor Practices With its highly coveted line of consumer electronics, Apple...

    Apple Suppliers & Labor Practices With its highly coveted line of consumer electronics, Apple has a cult following among loyal consumers. During the 2014 holiday season, 74.5 million iPhones were sold. Demand like this meant that Apple was in line to make over $52 billion in profits in 2015, the largest annual profit ever generated from a company’s operations. Despite its consistent financial performance year over year, Apple’s robust profit margin hides a more complicated set of business ethics. Similar...

  • PROOFREAD PLZ Introduction Organic foods are turned out in a way that their growing process and...

    PROOFREAD PLZ Introduction Organic foods are turned out in a way that their growing process and their distributions have a lower level of harmful environmentally friendly impact as they compared to farming that used chemical fertilizers to promote plant growth. Organic foods may also include products independent of environmental pollution and are thought to health on the body’s internal environment. There are a lot of advantages that have been linked with both the making and eating of organic foods. There...

  • Question 1: A recent study found that the demand and supply schedules for Frisbees are as...

    Question 1: A recent study found that the demand and supply schedules for Frisbees are as follows: Price per Frisbee Quantity Demanded Quantity Supplied $11 1 million 15 million 10 2 12 9 4 9 8 6 6 7 8 3 6 10 1 a) What are the equilibrium price and quantity of Frisbees? b) Frisbees manufacturers persuade the government that Frisbees production improves scientists, understanding of aerodynamics and thus is important for national security. A concerned Parliament votes to...

  • As a subsidiary manager, would you consider Regent’s use of the beginning-of-the-year exchange rate for budget...

    As a subsidiary manager, would you consider Regent’s use of the beginning-of-the-year exchange rate for budget setting and average-of-the-year rate for budget tracking appropriate? Why? What changes in the budgeting process can Regent make to prepare foreign subsidiary managers to better respond to the effects of inflation and exchange rate changes? It was January 2016, and Lee Morgan, CEO of Regent, Inc., was getting ready to review the financial performance of Regent’s subsidiaries. In recent years, this exercise had become...

  • RANDLEMAN, N.C. -- The future of century-old bearing maker Timken Co. rests on an old axiom:...

    RANDLEMAN, N.C. -- The future of century-old bearing maker Timken Co. rests on an old axiom: The sum is greater than its parts. Examples fill the shelves of a squat, 10-year-old factory here crammed with computerized metalworking machines that stretch and scorch bearings. Take Timken's cylindrical bearings, which reduce friction in giant dump trucks and industrial windmills. These days, they're married with flap-like parts that will lubricate moving pieces. Combining the friction and lubrication functions is something Timken's customers once...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT