The Walmart website paper work documentation

The three significant products I found on the Walmart website included clothing, electronics, and home appliances. Due to the successful establishment of Walmart’s business in the united states, the organization decided to taste waters in other international nations; hence it became the most in the world. Walmart began in 1962 and expanded to more than 24 stores in 1967[1]. Walmart has also experienced globalization, opening more than 1500 stores in nine nations. Due to the significant items found in Walmart, it has been proven to have a considerable impact on globalization. In this case, many people invest their money in Walmart due to its range of prices for different products. For instance, many people, especially the middle class, find it convenient to shop for their clothes, electronics, and home appliances from Walmart compared to buying them in other convenient stores.
Therefore, this is why Walmart is convenient for many people worldwide. The firm is extensive in that it has an impact on the lives of thousands of individuals worldwide. The store is launching its stores in various parts of the world and expanding its global reach. The store impacts both the customers and suppliers and affects employees’ lives and the nations’ economies. Walmart offers economic opportunities for businesses and people in supply chains by obtaining products from diverse areas and promoting local manufacturing. According to Walmart statistics in the United States, the store gives cash ranging from $300-$4000 to local grants, which will help in addressing the exceptional needs of areas where these stores operate. [2]
Globally, Walmart is still thriving, and by 2002, it had surpassed Exxon-Mobil in sales, estimated to have more than 250 million customers yearly[3]. Also, the store is believed to have used globalization as its primary strategy, which helped them understand its customers’ wants and needs. The store became a global organization after realizing its chances of growing were limited in the United States. Hence, there were some possibilities that domestic growth opportunities could have been inhibited because of market saturation.
For American productivity, Walmart has positive benefits and disadvantages to the economy as it can curb inflation and assist in retaining workers’ productivity at an optimal level. Walmart also ensures that it saves its customers’ money and ascertains that they decrease competition in its location and reduce wages. According to various researchers, Walmart has continuously boosted the American productivity in their multiple stores by 15% in the last 20 months[4]. Walmart has positively impacted many parts of the United States as it has raised competition among retailers, which has stimulated the economy and added more tax revenue and capital to the state[5]. As a result, since Walmart poses competition to many retailers, many businesses strive to advance the quality and selection of their goods and products, increasing the nation’s productivity and boosting the economy.
More so, Walmart has proven to be a positive force across the U.S. as it has led to new jobs, generated economic growth, increased tax revenues, and customer traffic. The store also increases the productivity of the United States by eliminating the weak businesses deterring the national economic growth; hence, it is an appropriate change catalyst. At a national level, the firm has impacted different factors consisting of productivity and inflation gains[6]. Walmart’s presence has benefited the state’s productivity as it has helped limit inflation and regulate market prices.
However, despite the positive impacts of Walmart, there are also some negative impacts that the store has on American productivity, as its poor wages negatively affect the workforce. In this case, Walmart can shut down many small businesses, which might result in a loss of job opportunities among many individuals, making them dependent on the government for relief food. The loss of job opportunities also leads to a low cost of living since people will strive to survive between their means, given that not all people will have the chance to work at Walmart. Research indicated that the store maintained a low rate of customer prices by 2.8% from both indirect and direct sources making other competitors also reduce their costs [7]. For instance, those producers manufacturing clothes have to ensure that they meet Walmart’s preferences to stay in the market. Walmart also harms its suppliers, who are forced to decrease their cost of production to afford selling to Walmart.
Walmart enables people to purchase these products (clothes, electronics, and home appliances) they require at affordable prices without overly spending at higher-priced retailers. Decreased cost products are mainly helpful to many individuals. Suppose people use less money on commodities like household items or clothes. In that case, they have the opportunity of putting the saved money back into the economy with additional expenditures like going out to a movie or dinner. Walmart can sell products at a lower price than other stores; hence it has a further impact with benefits and costs[8]. Therefore, Walmart meets unmet demands in many rural areas as many things become more affordable to many families[9].
Additionally, Walmart has a beneficial impact on the United States economy since it has proven the store is the main antipoverty force in the nation since it has the ability if move wealth from wealthier countries to developing nations. In this case, the store can dictate what they need and what they need their producers to produce for them. They also get to decide what to charge for their products and the mode of their manufacturing. Due to this, Walmart has improved the supply chain management of the United States since it offers competitive advantages like decreased inventory carrying costs, lower product costs, and and variety.

[1]. Caraway, Brett. “OUR Walmart: A case study of connective action.” Information, Communication & Society 19, no. 7 (2016): 907-920.
[2]. Chang, Yuqi, and Jinmiao Hu. “Analysis on the mode of multinational retail enterprises entering Chinese marketTake Walmart, Carrefour and Metro as examples.” Modern Economy 11, no. 01 (2020): 17.
[3]. Heller, Fabiano Kmmel. “Technological innovation applied to walmart and tesco’s supply chain.” Ph.D. diss., 2017.
[4]. Roberts, Anthony. “Wal-Mart’s Limited Growth in Urban Retail Markets: The Cost of Low Labor Investment.” (2015).
[5]. Phillips, Leigh, and Michal Rozworski. The people’s republic of Walmart: How the world’s most giant corporations are laying the foundation for socialism. Verso Books, 2019.
[6]. Hwang, Minha, and Sungho Park. “The impact of Walmart supercenter conversion on consumer shopping behavior.” Management Science 62, no. 3 (2016): 817-828.
[7]. Alam, Md Rafayet, and AKM Mahbub Morshed. “Price dispersion across U.S. cities: The role of Walmart.” Economic Analysis and Policy 71 (2021): 227-237.
[8]. Pope, Devin G., and Jaren C. Pope. “When Walmart comes to town: Always low housing prices? Always?.” Journal of Urban Economics 87 (2015): 1-13.
[9]. Kinicki, Angelo, and Mel Fugate. Organizational behavior: A practical, problem-solving approach. Vol. 2. New York, NY: McGraw-Hill Education, 2016.

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