4 ms·
walmart pioneered negative working capital for retail well before amazon existed (70s-80s iirc). it's how walmart jettisoned itself into a retail juggernaut. ca
by clairity 5y ago
walmart pioneered negative working capital for retail well before amazon existed (70s-80s iirc). it's how walmart jettisoned itself into a retail juggernaut. carrefour cribbed that part of the playbook from them to expand across france and europe, and bezos very likely did so as well. it only works when you have enough monopsony power to persuade/coerce the supply chain into cooperating.
- eru 5y ago> it only works when you have enough monopsony power to persuade/coerce the supply chain into cooperating. What makes you think so? If you offer attractive enough terms, you can get financing from your suppliers just fine. And what makes you think Amazon, Carrefour or Walmart etc have monopsony power?