Posted: February 27th, 2023
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Why walmart failed in other countries compared to US. Below are the reasons why it failed in other countries
E-commerce competition: Walmart has faced increasing competition from e-commerce giants like Amazon, as well as other traditional retailers who have been expanding their online presence. Walmart has been investing heavily in its e-commerce capabilities to keep up with these competitors, but it still faces challenges in terms of customer acquisition and retention.
Labor issues: Walmart has faced criticism for its labor practices, including low wages and limited opportunities for advancement. This has led to high turnover rates and negative publicity, which can impact the company’s reputation and ability to attract and retain top talent.
Supply chain management: Walmart’s vast supply chain is complex and includes thousands of suppliers, many of whom are located overseas. This can create challenges in terms of ensuring product quality, managing inventory levels, and ensuring ethical sourcing practices.
Environmental sustainability: As a major retailer, Walmart has a significant environmental footprint, including carbon emissions and waste. The company has made commitments to reduce its environmental impact, but faces challenges in terms of balancing these efforts with its business goals and meeting the expectations of customers and stakeholders.
Public perception: Walmart has faced criticism and controversy over a variety of issues, including labor practices, environmental impact, and the impact of its business on local communities. This can create challenges in terms of maintaining a positive public image and building customer loyalty.
Question: need strategic plan to resolve the above issues in order to become successful globally and also need recommendations for the same.
At least 5 references (within the last 10 years)
At least 3 of your references have to be scholarly peer-reviewed articles
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