WalMart Lied: Must Remove “Made In USA” Logos From Products Made In China, Thailand
by Tyler Durden
ZeroHedge.com
10/21/2015
When it comes to amusing (albeit predictable) twists of fate, Wal-Mart has been the gift that keeps on giving this year.
In the wake of the giant retailer’s move to hike wages for its lowest-paid employees, the entire world has received a lesson in undergrad economics as $1.5 billion in extra labor costs has led directly to i) pressure on the supply chain, ii) reduced shifts and hours, and iii) layoffs in Bentonville.
Put simply, when you can’t pass higher labor costs on to customers because your corporate religion revolves around the idea of “everyday low prices”, someone has to make up the difference in order to keep margins from crumbling and that simple fact is costing managers their jobs and vendors their livelihoods.
When WalMart wasn’t in the news for “plumbing” and/or strongarming the supply chain over the summer it was making headlines for its stance on confederate flag merchandise in the wake of the tragic shooting at a church in downtown Charleston that left 9 African American worshippers dead. In the wake of the racially-motivated massacre, WalMart moved to remove all confederate flag merchandise from the shelves, on the way to insisting that the company “never wants to offend anyone with the products [it] offers.”
That controversial decision riled some observers who view the flag not as a symbol of hate, but rather as a symbol of America’s southern heritage.
On Wednesday we learn that WalMart is once again at the center of controversy surrounding the “American heritage” of its products.
The Rest…HERE
