Wednesday, April 16, 2014
Walmart and China Might Not Be Such Good Friends After All.
Walmart, one of the biggest multi-national supermarket stores is starting to be bullied by their very own goods supplier. That supplier and culprit is China. Walmart is now asking Beijing to rewrite the rules for them after having to pay off several minor complaints. For example, one complaint was Walmart selling food with a label that had English letters printed larger than the Chinese ones for $383. Yes, only $383 but the problem is they have had countless number of small complaints like this and are constantly getting fined. Over the past couple years it has actually added up to 9.8 million dollars. You would think a big $250billion "heavy weight" wouldn't really care about this but apparently they do. This is just a "little" issue in China and do you think it will affect any relationship status between Walmart and China? Honestly... Probably not but still something to think about.
This article was found on at http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10766396/Walmart-tells-Beijing-to-improve-food-labelling-rules.html
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