Cloud Computing: Troubles at Walmart, IBM and the New American Century
October 22, 2015
Grazed from the Globalist. Author: Peter Morici.
With Walmart sales and profits falling, pundits are asking if the economy is again headed down. Hardly so, even though IBM and other business icons are in trouble. Better competitors — and mostly Americans — who herald a new age of American innovation, are simply squeezing the Arkansas retailer.
Walmart’s recipe for success was simple. Through a detailed knowledge of supplier costs, disciplined supply chain management and low wages for store personnel, it bargained hard with manufacturers and delivered goods at the lowest prices. Unfortunately, its methods were hardly occult and others like Dollar General and Target caught on, undermining the Arkansas behemoth’s competitive edge…
Moreover, along with other big employers like McDonald’s, Walmart is under increasing social political pressure to pay workers more…
Read more from the source @ http://www.theglobalist.com/walmart-ibm-cloud-american-economy/