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Walmart and Natural Capitalism
 

Walmart and Natural Capitalism

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    Walmart and Natural Capitalism Walmart and Natural Capitalism Presentation Transcript

    • Wal-Mart:What the Template Business of Global Capitalism Might Reveal About the POST-Post-Fordist Future
    • Walmart: A brief history
      Founded 1962 in Bentonville, Arkansas by Sam Walton
      Incorporated 1969, and went public in the New York Stock Exchange (as WMX) in 1972.
      First store in Bentonville, AK
      Changes in Walmart Logo 1962-present
    • Walmart Today, A Snapshot:
      Worlds LARGEST:
      Public corporation, EVER
      Private employer
      15% market share of ALL general merchandise and food sold.
      In the US:
      Over 11% share of total GDP
    • Criticisms of Walmart
      Negative Environmental Impact
      Resistance to union representation
      Sexism
      Pressures on employees to vote for specific parties during national elections.
      Extensive foreign product sourcing (70%!)
      Low rates of employee health insurance enrollment(dependence upon government healthcare programs)
    • Criticism with Humor
    • Overview of Analysis
      Walmart has grown beyond the scale and influence of any business the world has ever seen
      Walmart as trendsetter and market-MAKER
      Now functions more as global commodity chain and logistics operation
      Can influence market faster and more directly
    • If…Then…SO…
      In examining Walmart’s business practices, recent initiatives, and forthcoming plans, we can gain insight into the future direction of the global economy.
      Allen Scott’s notion of “Flexible Production Regime
      Harvey’s notion of “Creative Destruction”
    • “Always Low Prices”:Making Penny Pinching the World Business Standard
      Walmart requires all suppliers to submit to strict efficiency standards to cut costs in:
      Production processes
      Product design
      Materials/Packaging
      Labor
      Transportation
      “Plus One” Principle
      Requires that every year suppliers must cut costs or improve quality
      “Retail Link”
      Collects POS data from around the world and made available to suppliers
      Enhances sensitivity to consumer trends-
      “micro-marketing”
    • Logistics Revolution and “Lean Retailing”
      Characteristics of Lean Retailing:
      UPC tags and scanning devices
      Computerized Inventory Management
      Automated Distribution Centers
      Adoption of communication standards throughout supply chain
      Logistics Revolution: 70’s+
      • Led Voluntary Interindustry Commerce Standards Initiative
      Left: Workers posing at a Walmart distribution center
    • ~SeEinGtHeFuTuRe ~(maybe) Walmart and the Sustainability Index
      As a market-MAKER, Walmart’s actions set the standards in the global supply chain.
      What could Walmart’s plans for creating a “Sustainability Index” and product “Life Cycle Database” suggest about the future of the global economy?
    • Sustainability Index Specifics
      Walmart will provide each of its 100,000 global suppliers with a survey of 15 questions to evaluate their sustainability.
      Will develop a rating system that will be visible to consumers on all products.
      The questions and rating system are divided into four areas:
      Energy and Climate, Natural Resources, Material Efficiency and “People and Community “
      -Walmart Corporate Sustainability Index Fact Sheet
    • Natural Capitalism& Implications for the Future
      Walmart being Walmart, if it implements this index, the rest of the retail industry will follow
      Will change consumer spending habits and consequently reshape supply chain
      Sustainability efforts are in line with characteristics of Natural Capitalism
      ------------------------
    • After Higher Standards
      Will Walmart’s requirement of higher environmental standards for their suppliers have a positive spillover effect for other problematic parts of the supply chain?
      Let’s hope so.