Posted by: rbbadger | October 26, 2008

Wal-Mart in China

The president and CEO of Wal-Mart Stores, Inc., Lee Scott recently went to China and gave a speech that was very important.  As the leading importer of Chinese-made goods in the USA, Wal-Mart has been concerned about the safety and quality of products made in the People’s Republic of China.  China is capable of making affordable, well-made products.  But often, that is not what happens.

You can read Scott’s speech in its entirety by clicking here.  Here are some relevant quotes.

“In the end, it really is not about cheap. It is about dependable and functional products at
the absolute best price. It is about true and total value.”

“Meeting social and environmental standards is not optional. I firmly believe that a company that cheats on overtime and on the age of its labor, that dumps its scraps and its chemicals in our rivers, that does not pay its taxes or honor its contracts — will ultimately cheat on the quality of its products.”

“If a factory does not meet these requirements, they will be expected to put forth a plan to
fix any problems. If they still do not improve, they will be banned from making products for Wal-Mart.”

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Responses

  1. wow, nice.


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