Re: Walmart's at it again....
There a 2 issues Walmart have developed well.<br /><br />1. They have reversed the "push-pull" cycle to "pull-push". In other words, a munufacturers Rep no longer "pushes" product on Walmart, with the result Walmart are stocked with product they have to "push" on the customer. <br />Walmart decide what sells well and "pull" that from the Manufacturers. The equivalent Chains in this country are moving that way too.<br />2. They source their product manufacturers from 3rd world nations, principally China because of price. That puts local manufacturers and the Mom-Pop retailer out of business. <br />This situation will exist so long as China can control the value of its currency. <br />America, just like all the Western world, have floating currency's. I have heard China's currency is about 30% out of kilter.<br /><br />When America (and it has to be America as it is the most developed economy in the world) stops fiddling around with stupid foreign policy issues and starts correcting something like this discrepancy in China's manipulation of its currency, 2 things could happen.<br />1. American (and western) Industries will be on a level playing field. (they can produce quality product at competitive prices, which people will be proud to buy.)<br />2. There will be a lot more skilled employment available to us and our children, and we will all benefit from living in better societies.<br /><br />Just my views<br />Cheers<br />Phillip