menu

Triple Pundit: Walmart Says Customers Should Not Pay More For Sustainability

Triple Pundit: Walmart Says Customers Should Not Pay More For Sustainability
Advertising

Walmart is starting to embrace a new eco-friendly and price-competitive model.

Triple Pundit
  • 13 november 2012

Walmart has embraced making sustainability price-competitive. Walmart’s strategic plan is to increase the sustainability of all of their products, while at the same time maintaining everyday low prices. Because Walmart is estimated to touch one out of every three dollars of world commerce, this Walmart strategy is now a catalyst accelerating a global green economic revolution.

Walmart Sustainable Productivity Loop

What Walmart customers want are low prices. Walmart fulfills this customer expectation through their productivity loop of continuously driving down costs and using these cost savings to drive down product prices while reinvesting in additional paths for driving down costs. The result is a virtuous cycle of cost savings, cost saving investments and product price reductions.

Walmart is now incorporating sustainability into their productivity loop. Here’s how Jeff Rice, Walmart’s Director of Sustainability, describes the role of sustainability at Walmart:

Price and sustainability really go hand in hand. Becoming a more sustainable business will make you a more efficient business. It absolutely supports everyday low prices.

Walmart’s Sustainability Value Network

The product buyer is at the heart of Walmart’s operations, determining what products are stocked on Walmart’s shelves and at what price they are sold. Walmart has engaged their buyers in a Sustainability Value Networkthat is developing and implementing procurement best practices for delivering more sustainable products at lower prices. The scorecard is a tool being developed by Walmart to use in competitively assessing products based upon price, quality, delivery and now…sustainability. Walmart’s goal is to have every buyer and every supplier engaged in their Sustainability Value Network. Jeff Rice summarizes it this way:

We are building sustainability into more of what it means to be Walmart.

Tanya Manwiller, Walmart Sr. Buyer for electronics, is an example of the success Walmart is having integrating sustainability into their product procurement. She has been nominated for the GreenBiz.com VERGE 25 Smarter Supply Chains for her work.

Continue reading on Triple Pundit

Original article by Bill Roth. Originally published by Triple Pundit, republished with kind permission.

Advertising
Trending

Japanese Face Wash Creates A Perfect Rose Every Time

Arts & Culture
Mobile august 26, 2016

Get A Better Idea Of How You Are Wasting Your Time

The TouchTime app is trying to revolutionize personal task management by providing detailed insight on how to be more efficient

Culture august 26, 2016

London Telephone Box Repurposed As A Tiny Mobile Repair Shop

Tools and supplies to replace broken screens or damage are neatly stowed away in these micro-workrooms

Trending

Get PSFK's Latest Report: Future of Work

See All
Design august 26, 2016

Conceptual Sportswear Created Out Of Futuristic Condom Material

A Dutch fashion designer is experimenting with new methods and fabrics to make high performance clothing

Fashion august 26, 2016

Fashionable Tassel Will Ensure You Never Lose Your Valuables Again

The device is fashion meets connected tech, that will help you keep track of your belongings at all times

PURPLELIST EXPERTS

Yasser Ansari

Design and Engineering, Internet

Syndicated august 26, 2016

Would You Wear Wool Shoes To Save The Environment?

As demand for wool shoes grows, a number of US footwear brands are heading directly to the source: the sheep pastures of New Zealand

Sustainability august 26, 2016

Self-Healing Material Is Fashioned Out Of Squid Teeth

Penn State researchers have devised a new textile that uses organic proteins

Arts & Culture august 26, 2016

Search Engine Turns Your Own Drawings Into Photos

This image-matching software accepts hand-made sketches instead of keywords

PSFK LABS REPORT

Future Of Work
Cultivating The Next Generation Of Leaders
NEW

PSFK Op-Ed august 25, 2016

Retail Expert: What Sustainability Means To The Millennial Generation

Jo Godden, Founder of RubyMoon, discusses how brands can limit their environmental impact worldwide

PSFK Labs august 25, 2016

PSFK’s Workplace Vision: How The Nurturing Of Seeds Will Come To Define The Onboarding Process

Our Future of Work vision is a service that allows companies to assemble and deliver welcome packets that are uniquely focused on the concept of growth

Arts & Culture august 26, 2016

Illustrator Interprets The Experiences Of Blind Travelers

Artist Alby Letoy creates drawings of poignant travel memories for the visually impaired

Advertising august 26, 2016

Clickbait Titles Used For The Good Of Charity

An agency devised an unlikely campaign that uses clickbait as a positive force to drive awareness to nonprofit initiatives

Advertising august 26, 2016

The Best In Eye-Catching Olympics Campaigns

PSFK rounds out the Rio Games with our picks for the best advertising moments off the field

Work august 26, 2016

Editorial Roundtable: The Arrival Of The People-First Workplace

Managed By Q, Soma, Workbar, Primary and thinkPARALLAX enumerate the reasons why companies need an employee-embracing workforce in order to exist

Arts & Culture august 26, 2016

Transforming Light Waves Into A New Art Form

An artist uses glass treated with layers of metallic coatings to create a unique installation called lightpaintings

INSIGHTS COVERAGE

Rio Olympics
Innovation Coverage From The Rio Games
READ NOW

Design august 26, 2016

This Windbreaker Lets You Explore The Outdoors While Charging Your Phone

The apparel includes solar panels that allow the wearer to stay connected through the power of renewable energy

Asia august 26, 2016

The Goal Of This Game Is To Not Get Laid Off From Your Job

A hit mobile app has you working really, really hard to not get fired as you climb the corporate ladder

Advertising august 26, 2016

Movie Critic Bot Guides Viewers Through Festival Offerings

The Toronto International Film Festival has created a Facebook Messenger chatbot to help attendants curate their schedule

No search results found.