Walmart Stores, Inc
45
LOGO CLASS 4 – GROUP 3 WAL-MART STORES, Inc.
Transcript of Walmart Stores, Inc
LOGO
CLASS 4 – GROUP 3
WAL-MART STORES, Inc.
Summary
Corporate Citizenship
Global Issues of Walmart
Walmart’s Commitment
I. Products & Services
II. Employees (Wages, Working
Condition)
III. Environment Impacts
Company Profile
ConclusionI. Results of IssuesII. Walmart in Vietnam
COMPANY PROFILE Company Name: Wal-Mart Stores, Inc. Founder: Sam Walton 1st Wal-Mart store in Rogers (Arkansas) in 1962 Incorporated in 1969 Headquarter: Bentonville, Arkansas, U.S. Logo: (since 2008 )
COMPANY PROFILE
Industry: Retail Mission statement:
Saving people money so they can live betterNumber of stores: 11,100 stores in 27 countriesCompetitors:
TARGET CORPORATION
COSTCO WHOLESALE CORPORATION
CARREFOUR
Corporate Citizenship Walmart’s CommitmentSocial Responsibility: Respect for individuals — Embrace differences, Encourage
thoughts & ideas, and Treat customers, suppliers & fellow
associates with respect.
Service to our customers — Exceed customers' expectations
with superior service at every opportunity, high quality products
at low prices and a friendly, efficient shopping experience.
Strive for excellence — Embrace change and constantly reach
further to learn from experience and — Built on a foundation of
integrity — Bring new ideas and goals to life.
Corporate Citizenship
Walmart’s Commitment
Environmental sustainability
Three specific aspirational goals:
Energy — Be supplied 100 percent by renewable energy.
Waste — Create zero waste.
Products — Sell products that sustain people and the
environment.
Global Issues
Products & Services
Walmart promised to provide higher standards for safety & quality of products
Customer can find top-quality products Customer can take safety & quality to an even higher level Wal-Mart will also require all suppliers it buys from
directly to source 95% of their production from factories that receive the highest ratings in audits for environmental and social practices by 2012.
Wal-Mart aims to drive returns on defective merchandise virtually out of existence by 2012
Products & Services
In America, 54% “Unacceptable
Ingredients” was contained in Walmart’s product
Walmart doesn’t ban any of the food on Whole Food blacklist
It means 140 million Walmart customer per week in US use foods which are not safe
Products & Services
WalMart violated California law CEH found 15 baby &
children’s products with high levels of chlorinated Tris, above the state safety standard.
The CPSC estimates that exposure to children from furniture increased cancer risk by 20 additional cancers per million.
(two times the California safety standard of 10 cases per million)
Products & Services
In China,• The food available was
cooked in edible oils (1). • Chicken, pork was overdue.• This clients returned weevils
rice which might be used for produce fast food
Wal-Mart was accused of violating regulations about food safety
Products & Services
EVEN: Walmart fires workers who
exposed the company selling expired food (September, 2014)
4 workers alleged that Walmart was:
Selling rice infested with insects Cooking expired meat Using old, black oil
LOW WAGE
Walmart has over 2.2 million employees worldwide That’s more than the population of
Houston; more people than living in Paris
Wal-Mart has an average profit of $1.8 million/hour
The CEO earns $ 6.898 per hourMeanwhile, most employee earn minimum
wage ($8 - $9/ hour), and they are not enough money to live.
LOW WAGE
The CEO of Walmart nearly 800 times more per hour than its sales associate
LOW WAGE
WORKING CONDITION
Wal-Mart is one of the only companies that refused to sign an international worker safety agreement.
There are no safe standards for employees except for Wal-Mart standards.
WORKING CONDITIONIn 2013, in Bangladesh, building collapsed killed
1,129 human.While committing $42 million to pay for worker
safety. But they were ignore.
SOCIAL RESPONSE
Estimated 1,000 protests in 46 states (2012)
Video
Environmental Issues
Walmart = one of the largest polluter in the world , with serious impact on global environment irresponsibility to core problems Walmart’s sustainable campaigns on Energy & facilities,
Emissions, effluents and waste reduction & Products improvement
To improve its public image Not do little for environment
Environmental Issues
Environmental Impacts Increasing Greenhouse Gases 18.9 million metric tons in 2005
to 21.5 million metric tons in 2011Those figures were been
re-made to reduce
environmental impacts
in reality
Environmental Issues
Environmental Impacts Increasing Greenhouse Gases Wal-Mart’s emissions are high
enough for it to be as one of the biggest polluters in the U.S., besides Shell Oil Company, Dow Chemical, etc
Environmental Issues
Environmental Impacts Polluting the local, national &
global environment • Its low-cost, low-quality products
lead to more waste as they have to
be replaced more frequently• Its production, processing &
consumption of commodities
makes natural resources scarce & dirty
Environmental Issues
Wal-Mart has had a series of environmental crimes and eventually paid $81.6 million for its unlawful conduct since May 2013
for “improperly handling hazardous waste, pesticides and other materials in violation of federal laws” that leading to put the public and the environment at risk
Environmental Issues
Environmental Impacts Increasing Global Warming• Walmart operates approximately 6,000 trucks pulling
millions of loads each year in the U.S
Walmart is the largest portion of company-owned trucks and trailers in U.S
Contributing a large number
of Carbon dioxide to
the atmosphere.
Environmental Issues
Environmental Impacts Increasing Global Warming• Shipping containers of merchandise from around the world
are a major source of planet-warming emissions.
Environmental Issues
Walmart’s Actions to minimize the Impacts Renewable EnergyAims to 100% Renewable Energy by 2020
Environmental Issues
Walmart’s Actions to minimize the Impacts Renewable Energy In reality,
Environmental Issues
Walmart’s Actions to minimize the Impacts Increase Energy Efficiency An accelerated program to replace current T5 fluorescent
lights with LEDs throughout the distribution center network the installation of more efficient liquid circulation pumps for
some refrigeration systems
Environmental Issues
Walmart’s Actions to minimize the Impacts Emissions, effluents and waste reduction• Find savings in its transportation operation through testing
alternative fuels such as Natural Gas, Renewable Diesel, etc.• Reduce global plastic shopping bag waste by developing,
promoting and selling reusable bags in Wal-Mart stores rather than one-time-use shopping bags. There are some successes:
In Brazil, the Responsible Customers Deserve a Discount program (reduced plastic bag consumption by more than 50%)
In Chile with the positive feedback to a shopping bag made of 75% recycled plastic.
Environmental Issues
As a result,Wal-Mart has not actually met any environmental goals it
set for years (from 2005 to now) besides the soft data for public.
Its energy efficiency and renewable projects are too modest to match the scale of the company’s operations
Walmart in VietnamOpportunities 72% Vietnamese people will to pay for high-tech
materials, entertainment & new clothes Vietnam current government policies to encourage
foreign investment Advantage of abundant labor supply in Vietnam as well
as domestic goods (Textiles, footwear, house wares, decorations in the family).
Walmart in Vietnam
Challenge• Poor infrastructure in Vietnam• Unsuccessful in China because misunderstand Chinese &
rigid application of the model from the U.S• The intense competition at present from domestic firms
and other foreign giant retailers. • Vietnam is “A small piece of cake”
for Walmart
Walmart in VietnamAt this time, Walmart have to facing with many problem such as employee treatment, product safety, environment issue etc. We see clearly that Walmart does not take actual any responsibility for society & environment as well as act ethically nationally & globally.
It is not good for Walmart and Vietnamese when it comes into Vietnam
Sources
http://www.ibtimes.com/wal-mart-says-save-money-live-better-workers-dont-make-living-wage-rely-state-benefits-1487598
http://www.nerdwallet.com/blog/investing/2013/466-hours-overtime-equals-hour-ceo-pay/
http://www.vox.com/2014/6/6/5779456/8-charts-that-explain-walmart http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/16/u-s-re
tailers-arent-signing-a-new-safety-accord-for-bangladesh-heres-why/
http://makingchangeatwalmart.org/factsheet/environment/ http://
cdn.corporate.walmart.com/db/e1/b551a9db42fd99ea24141f76065f/2014-global-responsibility-report.pdf
http://ilsr.org/wp-content/uploads/2012/04/topten-walmartsustainability.pdf
http://www.glassdoor.com/Salary/Bharti-Walmart-Salaries-E516781.htm
Ending Video: 10 Shocking Facts About Walmart
