Anonymous
Anonymous asked in Business & FinanceCorporations · 1 decade ago

Who makes alot of wal marts stuff ?

Someone told me that children in foreign countries make there stuff.

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  • 1 decade ago
    Best Answer

    Wal-Mart's China inventory to hit US$18 b JIANG JINGJING,China Business Weekly staff 2004-12-02 08:35 The world's largest retailer, Wal-Mart Stores Inc, says its inventory of stock produced in China is expected to hit US$18 billion this year, keeping the annual growth rate of over 20 per cent consistent over two years. The trend is expected to continue, company officials revealed. "We expect our procurement stock from China to continue to grow at a similar rate in line with Wal-Mart's growth worldwide, if not faster," said Lee Scott, the president and CEO (chief executive officer) of Wal-Mart. An unnamed company official also stated the firm will extend its procurement base from South China's Pearl River Delta to North and East China in the coming few years. A market rumour says the retailer has its eyes on a 340,000-square-metre warehouse at a logistics garden of the Shanghai Waigaoqiao Bonded Area. Scott covertly visited the site earlier this month, and hopes to own the whole warehouse to accommodate the firm's further expansion in China, according to a report from the Shanghai Morning Post. At present, Wal-Mart has quite limited warehouse resources in East China. Xu Jun, Wal-Mart China's director of external affairs, ruled out the rumour, saying the CEO has never visited that or any other site for a warehouse. Nevertheless, he said China is Wal-Mart's most important supplier in the world. The overseas procurement home office in Shenzhen, a city of South China's Guangdong Province, has played a key role in the firm's global purchasing business. Wal-Mart shifted its overseas procurement centre from Hong Kong to Shenzhen in February 2002 to better serve the purchasing and exporting business. "If Wal-Mart were an individual economy, it would rank as China's eighth-biggest trading partner, ahead of Russia, Australia and Canada," Xu told China Business Weekly. By the end of September, the top seven trading partners to the Chinese mainland were the European Union, the United States, Japan, Hong Kong, ASEAN (Association of Southeast Asian Nations), South Korea and China's Taiwan Province, state statistics from the Ministry of Commerce. Last year, the firm bought US$15 billion products from China, half from direct purchasing, the other from the firm's suppliers in China. More than 5,000 Chinese enterprises have established steady supply alliances with Wal-Mart. Good quality and low prices are the major attractions of the retailing giant. Insiders point out Wal-Mart's imports from China have largely influenced the US trade deficit in China, which is expected to reach US$150 billion this year. Xu declined to comment if the anti-dumpling measures of the US Department of Commerce have impacted the firm's procurement of textile commodities and household appliances in China, saying again that China is an important sourcing base for the firm. So far, more than 70 per cent of the commodities sold in Wal-Mart are made in China. Experts say Wal-Mart's plan of increasing its procurement from China has granted the firm a positive corporate reputation in the country. "Buying more products in China means more job opportunities, which helps the firm win not only the government's hearts, but also the customers' appreciation," said Wang Yao, director of information department under the China General Chamber of Commerce. In the United States, poor people find it possible to afford cheap "Made-in-China" products for their daily necessities, Wang said.

    Source(s): What happen to the hyphen in the name......by.....One Star to Glorify!
  • 5 years ago

    In the 1990's this might have happened in some areas. But things totally changed. In fact the people in China live in conditions much better than people in other developing regions, and as there is a one child policy in China. Each couple cherish their only child and do not send kids to work. Few children work in factories now. And nobody are allowed to hire a person less than 18 years old.

  • 3 years ago

    i'm on your boyfriends element one hundred % no person thousand %. i think of he may be reffering to a PBS specific - Is Wal Mart good for usa. magnificent eye opener as in basic terms PBS can do......i certainly gave the video to 2 Wal Mart shoppers ( acquaintances ) and that they actually re thought procuring there. Please check out the PBS information superhighway website and notice for your self. Blew me away. Is Wal Mart good for usa - one thousand% NO !!!! The specific extremely is going into the financial element and would not get into the alledged worker stuff. in the event that they might label tha American products with loud pink, white and blue and supply ME the alternative ( greater $ or no longer ) than i might,nt whinge. gas expenses too intense - China is transforming into people and Wal Mart has a huge duty for that. We call it trickle down economics.

  • 1 decade ago

    Quite true. In fact almost all of Wal-Mart's goods are foreign made, much of it from China.

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  • 1 decade ago

    Mostly China.

    Source(s): Just look at the labels.
  • 1 decade ago

    Yea like Taiwan and Japan and China and INDONESIA! Thats a big one

  • Anonymous
    1 decade ago

    Chinese children in sweatshop conditions slaving away for pennies per hour.

  • Anonymous
    1 decade ago

    80% comes from Chinese communist slave labor . communism was 'bad' back in cold war days . i guess it's OK now if capitalist piggies can make a buck off it .

    Source(s): ny times
  • 1 decade ago

    Goldfish.

    Baked and not fried Goldfish.

    The wholesome snack that smiles back until you bite their heads off.

    You know they’re made with real cheese,

    even though they look like fishies.

    The snack that smiles back…Goldfish!

    *<@}:-D>)))))

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