Wal-Mart to buy MORE from overseas?
From today's Wall St. Journal:
Wal-Mart is striving to bolster its returns by buying more goods directly from overseas and paring its inventory costs by billions of dollars.
They're going to buy MORE from overseas? Not good for American manufacturers. If Wal-Mart wants to hold LESS inventory (at their massive distribution centers), shouldn't they buy from American manufacturers with shorter lead times? Shorter lead times clearly means less inventory.
Nope, they're too far down the China path.
Re-vist “The Man Who Said No to Wal-Mart” and Bill Waddell's posts on Wal-Mart's “war on American manufacturers” over on the Evolving Excellence Blog.