Friday, December 23, 2011

Green Standards For An Ever Changing Complex World

Walmart’s Chinese sales receipts account for only 2 percent of the company’s annual revenues or roughly $7.5 billion. Fortunately, its sales in China have risen substantially over the past decade. Not the case in the United States; they have been shrinking.

What does this mean? Is China changing Walmart or is Walmart changing China?  Looks like new green initiatives are in the works.
The world’s biggest corporation and the world’s most populous nation have launched a bold experiment in consumer behavior and environmental stewardship: to set green standards for 20,000 suppliers making several hundred thousand items sold to billions of shoppers worldwide. Will that effort take hold, or will it unravel in a recriminatory tangle of misguided expectations and broken promises?
Read the entire article here.

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