Walmart : The Biggest Retailer Of The Poor Countries, Us Companies Gain The Massive Profit

The location of the first Wal-Mart in the Fortune Global 500 for the year of 2001 to 2002 turnover of 219.81 billion dollars. Wal-Mart is the largest company in the retail in the world. The company was much larger than its competitors in the United States - Sears Roebuck, Kmart, JC Penney and Nordstrom combined. In 2002, Wal-Mart operates more than 3,500 discount stores, Supercenters and Sam's Clubs in United States and over 1,170 stores in major countries around the world. The company also sells products online via the website, www.walmart.com. Wal-Mart is one of the largest private employers in the world, with the use of force about 1.28 million. The

Walmart is the world's largest company by revenue (approximately four hundred and eighty billion dollars) and the largest private employer in the world with two point three million employees. Walmart is also one of the world's most valuable companies by market value, and is also the largest grocery retailer in the U.S. “One Nation Under Walmart” is a case about how Walmart has taken over the retail business and the effects of their market domination. The case also shows statistics of how much percentage Walmart is of many suppliers’ sales. According to the case Walmart has a 30% market share of all household items. Twenty-eight percent of Dial’s business and twenty-four percent of Del Monte’s business go through Walmart stores. It is also worth noting that Walmart imports ten percent of all United States imports from China. The case states that Walmart is able to offer cheaper prices because they put so much pressure on their suppliers to lower their prices. The case, “One Nation Under Walmart”, explains the problems that some people have with the massive retailer. One of these problems is how Walmart has forced numerous local businesses to close their doors through their extremely competitive pricing. They are able to purchase bulk goods at such low prices and thus pass the savings onto customers. As a result of these lew costs, rivals are driven out of business which results in a loss of jobs. Jobs are vital to the success of a community and with Walmart causing job

There are two stakeholders in this situation and they are: the companies Apple and Foxconn as well as the Chinese government. Apple has obligations to their employees both domestic and global. They need to be mindful that a corporation is only as good as its products as well as, its image. They need to be mindful that since its headquarters are in the United States, it should do all that it can to maintain a positive image. It is also important to make sure that the products they sell are quality products while keeping the price as low as possible. Foxconn has a stake in its people and the products they export. The unfair and inhumane working conditions forced the government to step in. Foxconn also needs to be mindful of the issues presented previously for Apple (the difference they are headquartered in China). The fact that labor violations were taking place, China’s government had an obligations to its people. They need to protect their citizens from hazardous work conditions and hold Foxconn accountable for their actions.

These booming national and international chains affect the treatment and aspirations of low wage workers because since these low paid workers are so easy to replace they end up getting no say in their working conditions or wages. If they argue with their employers, then the risk getting fired simply because it is easier for them to fire the employer then to have to give the worker any rights. This puts a really large limit on what these low paid workers can acquire. They end up not being able to have good working conditions or proper jobs. We've created a society of cheap consumerism, a cheap economy, cheap cities, cheap buildings, and cheap lives. In order to drive this system, we need cheap labor. Those corporate profits don't come from a genie in the bottle. The wages that they earn are insufficient to obtain life's basic necessities. Everything costs money, your shelter so you can rest and go to your job, your clothes so you can go to your job, your food so that you can survive to go to your job, to earn the money needed to pay for your clothes, your shelter, and buy your food, so that you can

Walmart is the go-to shopping center for most Americans, but are they fully aware of the negative impact Walmart has caused America? Many people shop where they can find everything at once and is in a decent distance from their home, but most shoppers don’t realize what they are really purchasing or the truth about the stores they buy from. If more Americans knew what they were really getting out of their shopping trips at Walmart they probably wouldn’t come back. Walmart has a privative effect on America more than people realize. The people they hurt in the process of trying to “Save money” and “Live Better” are the backbone of the business, the products they sell might as well be used, and their crime rate escalates more and more, and

Dexter Roberts and Pete Engardio in “Secrets, Lies, and Sweatshops,” writes about the various struggles that the United States has with production factories overseas. Wal-Mart claims they have rules for the sweatshops to follow but China still violates the labor laws by hiring consultants to give tips to sneak around auditors. The American people enjoy their everyday items at a low price, which Wal-Mart demands to the sweatshops. The sweatshops are struggling to provide these low price items to Wal-Mart and keep their working conditions humane. Roberts and Engardio explain in the article how companies that have overseas production are attempting to provide the managers and employees with skills to make the overtime required more effective.

However, this could not be more wrong. First off, all of the employees in other nations who flock to Wal-Mart’s factories have the choice to do so. Even though the wages paid in third world nations is inconceivable in United States, those wages will still increase the employee’s income, which in turn increases the employee’s standard of living. The increases in standards of living will lead to economic innovations and increased productivity/efficiency. This process of evolving mirrors that same steps that the United States went through in its early beginnings as well. Secondly, critics want Wal-Mart to enforce labor laws in its overseas factories that are consistent with United States. However, Vedder refutes this demand stating, “We have no more right to expect Wal-Mart to enforce Chinese labor laws than the Chinese have the right to enforce ours” (Vedder). Clearly, this criticism is without reason and impossible. In addition, the regulations and laws in third world countries are not kept up to date as well as in America, not everyone has a birth certificate or passport proving their age. It is unreasonable to assume that Wal-Mart would be able to verify the ages of every single employee in Indonesia or China. (Vedder)

This paper will answer the question of what it means to be a trans/multinational corporation in the 21st century. Walmart is the corporation that will be the focus of this paper. Through examining case studies and expert business analyses of Walmart, this paper will identify what the company sells, where the facilities located, and refer to aspects of capital, labor, and markets of it is final product. Also, this paper will examine the social costs or externalities produced by a multinational corporation such as Walmart. Walmart was chosen for this essay because it is one of the largest trans/multinational corporations in the world. There have been many business analyses conducted on Walmart that focus on its factors of production and this paper will compile information from these analyses.

In the third world countries such as Vietnam, China, South Korea and Taiwan, we are provided with an example of cheap labour. These corporations could now achieve the benefit of the United States consumer market8, while keeping their costs extremely low in offshore production. The working conditions in the United States were poor for centuries, often little to nothing was done unless a tragedy occurred to influence worker rights by the public. This was the issue during the Industrial Revolution and in the late 20th century. In the United states, improvements have been made and these conditions have disappeared, with the privilege in some agricultural areas. Companies from the United States have moved a considerable amount of their factories

With advanced technology comes the globalization and moving businesses to third world countries from U.S. This movement caused the rate of unemployment to rise and people see themselves in struggle to take care of their families. These issue are the complex of corporations in America. After seeing the movie (The Corporation) based on the book written by Canadian Professor Joel Bakan, we see that corporations are institutions that creates great wealth and profit but in the other hand causes enormous and hidden harm to people. Corporation cannot be imprisoned for criminal activities. Corporations are not humans they are designed by law to be concerned only for their stockholders. This is the issues that we see in our modern society the rich

When shopping, consumers tend to be on the lookout for items and products of typically low cost, but those that are still of great quality. From the perspective of consumers, these deals would be considered as bargains, as the consumers are the ones benefitting from the purchases. However, behind these inexpensive prices hide the unsettling reality of labor exploitation, which include low wages, lack of healthcare benefits, safety net subsidies, and lack of unionization. This type of labor exploitation, unfortunately, occurs right in the United States, as well as in Southeast Asia.

If Wal-Mart has such little regard for their own employees, it would make it difficult for a company to have minimal regard to where their merchandise is coming from. On the documentary, The High Price of Low Cost, informs of the countries and Wal-Mart’s effects on these countries, including its presence for manufacturing in China. The workers work in conditions of extreme temperatures from morning until dawn and provided boarding, which is shared with several others and lined with bunk beds. The board and utilities are deducted from their wages even if the workers choose not to stay on the facilities the board is still deducted from their pay. These workers that are looking for employment to make a better future for their families are

Imagine only seeing your family for one day once a year. Having to compete for a ticket home with millions of other workers in order to see your family that you haven’t seen in a year. This is the life of 130 million migrant workers in china. These workers make most of the things we own. Most of us don’t think about the people who make our clothes, our phones, our computers; items that we use everyday. Our way of life revolves on mass consumerism, where we value the article more than the person or persons who made it. Mass media and multi million dollar industries keep the conditions on how these people work as a total mystery. Some brands have been exposed for sweatshop and

Walmart is a multinational retail company that runs a network of more than 11,000 discount retail stores as well as warehouse stores distributed in more than 27 countries. Its headquarters are located in Bentonville, United. It ranks as the world’s leading private employer with over 2.2 million employees serving in different countries’ retail stores. Walmart operates as a family owned organization that is managed by the Walton family. The Walton siblings own more than 50% of this company through managing the Walton Enterprises as well as through individual holdings (Charles, 2014).

Companies such as Apple, Dell, HP, IBM, and Sony outsource labor and hardware manufacturing to a company called Foxconn Technology Group. Foxconn Technology Group is a multinational business anchored in Shenzhen, China. Some of the typical hardware being manufactured are, motherboards, chipsets, smartphones, tablets, and laptops. The majority of the factories are in China, three in Europe, one in India, and four in Mexico. Currently there are contracts to expand and build a new factory in Brazil. I believe that there are many ethical problems related to this example; first, the general idea of outsourcing mass amounts of labor, and secondly the mistreatment of