Perspective on Wal-Mart and China
I know it’s popular to say that Wal-Mart is killing U.S. manufacturing because of its insistence in driving manufacturers to China.
Here is some interesting data from today’s Wall St. Journal though.
The People’s Republic exported $593.4 billion in merchandise last year. China makes 80% of the world’s toys, half its DVD players and nearly half its socks. That’s a lot to lay on the Bentonville colossus, which sips up just 3.5% of China’s manufactured exports, or $20 billion worth a year.
It’s easier to look at data than it is to assign blame or root cause. It’s much more complicated than “it’s Wal-Mart’s fault”. Has Wal-Mart impacted your manufacturing company? Click “comments” to participate in the discussion.