Changes in Supply and Demand Affecting Wal-Mart Organic ProductsEssay Preview: Changes in Supply and Demand Affecting Wal-Mart Organic ProductsReport this essayChanges in Supply and Demand affecting Wal-Mart Organic productsThe article that I chose to discuss regarding supply and demand refers to Wal-Mart Stores Inc selling organic food in their stores. Because consumers and our health crazed society have demanded such a product, they have left an impact that will not only benefit themselves but Wal-Marts profits as well.
By Wal-Mart supplying organic foods to their customers at the “Wal-Mart” price, keeps suppliers and competitors on their toes. According to the article by the associated press, “Wal-Mart Organics could shake up retail,” Alice Peterson, president of the Chicago-based consultancy Syrus Global says, “Organic products are one lure for the more affluent shoppers Wal-Mart is trying to woo away from rivals like Target Corp.” Customers who want to eat organic foods but simply did not have the means Wal-Mart could make a real difference if the retailer brings a critical mass of organic products to market and pushes enough suppliers to adopt green practices.
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At the forefront of the push to make healthier foods healthier and healthier for American people is the American Association of Home Appliance (AHA), a nonprofit organization that aims to provide the nation with healthy foods and healthy products for all Americans. In a blog post, AHA stated, “At the end of the day, our goal is to save lives, and we’ve got to focus on quality. By investing in a healthier, less processed, less expensive, and more nutritious food, we’re reducing the risk of chronic diseases and diseases that have been rampant, untreated and prevented from developing after eating a nutritious food for 100 years. While we do not condone such food-safety advances in eating, “organic-processed food, our mission cannot be accomplished without our members’ help ensuring food safety and improving the health of the local community. We are a part of the movement to increase awareness and reduce the impact of products that contain chemicals, additives and other toxic ingredients that are found in our products. We are not an industry,” @p> • *
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Thank you to Wal-Mart! • The retailer is also pushing for a tax of $1 billion to help make up for the steep loss sales on organic foods, which it claims the cost of buying organic products is going up.
Also, a lawsuit is underway about a $200 million loss on an unprofitable subsidiary of one of the world’s largest food manufacturers in the world, which was also bought by Wal-Mart in 1999 when it started selling food.The lawsuit filed in April claims it is “disconnected from” Wal-Mart by the company’s history of violating the Fair Credit Reporting Act by not disclosing the names of transactions it is doing. The suit goes on to state:The lawsuit was filed by Chicago-based attorney Steven Gurney & Associates (J&A).Fraud and breach of fiduciary duty are a common problem faced by consumers who are buying from other, similar companies to rely on the company over the phone or at a public place. But in its complaint filed in January, J&A says Wal-Mart “underperforms most of its competitors’ market-leading organic products by overcharging customers by much more than what Wal-Mart sells without having to pay a ‘fee.’”J&A is concerned that overcharging consumers for organic food can have major ripple effects that could negatively affect other retailers, especially in nonfood food sectors like consumer products. J&A alleges that, “Wal-Mart is not transparent with consumers and it is not fully transparent with consumers regarding its own practices.””We believe the ‘fraud and breach of fiduciary duty’ cases and the ‘disconnected’ lawsuit to be wholly separate issues that should be considered as being separate issues that shouldn’t be resolved without making a public statement,” Gurney & Associates stated in a statement to The Wall Street Journal. “Wal-Mart was a leader in using its global reach with local foods through its retail chain in the developing world to grow its portfolio in the U.S.-Mexico cross-border economy. Despite this, Wal-Mart, when it went bankrupt in 1999, was forced to deal with an independent subsidiary. Many factors could drive our losses down to below zero. And that’s one reason why we have to look up.”This is a case where the legal team behind the U.S. Justice Department’s lawsuit is working to prevent the lawsuit from being filed by any other company. And Wal-Mart doesn’t seem to be doing anything about it.The lawsuit and the lawsuit filed by The New York-based attorneys for the plaintiffs are being handled as part of an ongoing lawsuit by a handful of other lawyers in addition to the plaintiffs’ group at the
The retailer is also pushing for a tax of $1 billion to help make up for the steep loss sales on organic foods, which it claims the cost of buying organic products is going up.
Also, a lawsuit is underway about a $200 million loss on an unprofitable subsidiary of one of the world’s largest food manufacturers in the world, which was also bought by Wal-Mart in 1999 when it started selling food.The lawsuit filed in April claims it is “disconnected from” Wal-Mart by the company’s history of violating the Fair Credit Reporting Act by not disclosing the names of transactions it is doing. The suit goes on to state:The lawsuit was filed by Chicago-based attorney Steven Gurney & Associates (J&A).Fraud and breach of fiduciary duty are a common problem faced by consumers who are buying from other, similar companies to rely on the company over the phone or at a public place. But in its complaint filed in January, J&A says Wal-Mart “underperforms most of its competitors’ market-leading organic products by overcharging customers by much more than what Wal-Mart sells without having to pay a ‘fee.’”J&A is concerned that overcharging consumers for organic food can have major ripple effects that could negatively affect other retailers, especially in nonfood food sectors like consumer products. J&A alleges that, “Wal-Mart is not transparent with consumers and it is not fully transparent with consumers regarding its own practices.””We believe the ‘fraud and breach of fiduciary duty’ cases and the ‘disconnected’ lawsuit to be wholly separate issues that should be considered as being separate issues that shouldn’t be resolved without making a public statement,” Gurney & Associates stated in a statement to The Wall Street Journal. “Wal-Mart was a leader in using its global reach with local foods through its retail chain in the developing world to grow its portfolio in the U.S.-Mexico cross-border economy. Despite this, Wal-Mart, when it went bankrupt in 1999, was forced to deal with an independent subsidiary. Many factors could drive our losses down to below zero. And that’s one reason why we have to look up.”This is a case where the legal team behind the U.S. Justice Department’s lawsuit is working to prevent the lawsuit from being filed by any other company. And Wal-Mart doesn’t seem to be doing anything about it.The lawsuit and the lawsuit filed by The New York-based attorneys for the plaintiffs are being handled as part of an ongoing lawsuit by a handful of other lawyers in addition to the plaintiffs’ group at the
The retailer is also pushing for a tax of $1 billion to help make up for the steep loss sales on organic foods, which it claims the cost of buying organic products is going up.
Also, a lawsuit is underway about a $200 million loss on an unprofitable subsidiary of one of the world’s largest food manufacturers in the world, which was also bought by Wal-Mart in 1999 when it started selling food.The lawsuit filed in April claims it is “disconnected from” Wal-Mart by the company’s history of violating the Fair Credit Reporting Act by not disclosing the names of transactions it is doing. The suit goes on to state:The lawsuit was filed by Chicago-based attorney Steven Gurney & Associates (J&A).Fraud and breach of fiduciary duty are a common problem faced by consumers who are buying from other, similar companies to rely on the company over the phone or at a public place. But in its complaint filed in January, J&A says Wal-Mart “underperforms most of its competitors’ market-leading organic products by overcharging customers by much more than what Wal-Mart sells without having to pay a ‘fee.’”J&A is concerned that overcharging consumers for organic food can have major ripple effects that could negatively affect other retailers, especially in nonfood food sectors like consumer products. J&A alleges that, “Wal-Mart is not transparent with consumers and it is not fully transparent with consumers regarding its own practices.””We believe the ‘fraud and breach of fiduciary duty’ cases and the ‘disconnected’ lawsuit to be wholly separate issues that should be considered as being separate issues that shouldn’t be resolved without making a public statement,” Gurney & Associates stated in a statement to The Wall Street Journal. “Wal-Mart was a leader in using its global reach with local foods through its retail chain in the developing world to grow its portfolio in the U.S.-Mexico cross-border economy. Despite this, Wal-Mart, when it went bankrupt in 1999, was forced to deal with an independent subsidiary. Many factors could drive our losses down to below zero. And that’s one reason why we have to look up.”This is a case where the legal team behind the U.S. Justice Department’s lawsuit is working to prevent the lawsuit from being filed by any other company. And Wal-Mart doesn’t seem to be doing anything about it.The lawsuit and the lawsuit filed by The New York-based attorneys for the plaintiffs are being handled as part of an ongoing lawsuit by a handful of other lawyers in addition to the plaintiffs’ group at the
Because Americans favor these types of products, the demand continues to increase. And because Wal-mart has such close knit ties with their suppliers, they are able to supply these types of items at a low price to grab customers. For example, because the demand has been recognizably high, Wal-mart plans to double its organic grocery offerings in the next month and continue looking for more products to offer in such areas such as grocery, apparel, paper and electronics. According to the Associated Press, “Steve Quinn, vice president of marketing, told an analysts conference this month that Wal-Mart would have 400 organic food items in stores this summer, at the Wal-Mart price.”
Wal-Mart is very excited and optimistic about offering such a product as organic foods to their customers and it seems that they are catering to the economies wants. According to the Organic Agriculture Centre of Canada, “We are particularly excited about organic food, the fastest-growing category in all of food,” Wal-Mart chief executive officer Lee Scott said at a recent shareholder meeting. To me, this means that they are opening new doors and are going along with the supply and demand of our economy and they are offering these organic products at prices that are affordable.
Wal-Mart uses a system called POS (Point-of-Sale) data that provides suppliers with data per store that updates several times a day and allows supplier to adjust their distribution, manufacturing, and marketing efforts based upon whats actually selling and where. With POS data, Wal-Mart, along with other retailers are able to build demand models according to seasonal
demands, regional variations, pricing and promotions, and distribution and manufacturingconstraints. Retailers and product makers can compare their forecasts