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> True, but this isn't Wal Mart's fault, it's China's fault. It was Walmart that drove manufacturing to China. Walmart wanted name brands and dictated the pric
by cptskippy 6y ago
> True, but this isn't Wal Mart's fault, it's China's fault.
It was Walmart that drove manufacturing to China. Walmart wanted name brands and dictated the price point at which they were willing to buy those brands. When the manufacturers did the numbers they realized that they could only service Walmart if they outsourced.
The companies setup factories in China and basically showed the Chinese how to make the products. Eventually the Chinese started to produce competing products that were at first inferior but have gradually gotten better.