How Did Walmart Get To Be Successful

Although Walmart is a United States domestic corporation, it is really an international corporation-that’s the irony. Walmart has a very unique business model, in which it displays a form of monopoly behavior, while being the broadest, most powerful, and influential company in America. They are now a model, not just for retail, but all companies across the United States and the world. Walmart is setting new standards that firms need to follow in order to even compete. They are the paradox of economies of scale. So, how did Walmart get to be as successful as it is today? Walmart is the epitome of one-stop-shopping, with a cornucopia of differing products at the lowest prices. They make their money from high volume and very fast turnover. Walmart is also an efficiency machine when it comes to logistics. They use a system that keeps track of every item in their store and as soon as a number of items are sold, if it is noted to, it will automatically send a reorder to the distributer. This speeds up delivery and the
With more money flowing out than in, the United States has lost over a million jobs to China. Retail price pressure driven by Chinese producers forces companies to go to China in order to compete. This puts plants out of operation, which means loss of jobs. Manufacturing was a key component of the United States economy and it has been shipped overseas. Walmart claimed to generate trade going the other way, but it was a lie. They took control of the whole manufacturing end in the United States and flipped it abroad. It’s not fair trade and it’s not free trade; it’s a rigged system. So when United States customers buy the lowest prices at Walmart, what they are really doing for their country is putting people out of work and lowering their country’s standard of living. Thanks for nothing