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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (17234)11/30/2004 3:22:56 PM
From: RealMuLan  Read Replies (1) of 116555
 
[power of walmartization<g>]--"Getting the toes wet"

Business Standard / New Delhi December 01, 2004



A large part of the jump in US productivity over the last decade, the McKinsey Quarterly estimated a couple of years ago, was due to the performance of the retail sector.

Within this, the Quarterly went on to say, “more than half of the productivity acceleration in the retailing of general merchandise can be explained by only two syllables:Wal-Mart”.

For instance, Wal-Mart’s use on a mass scale of simple technology like bar-coding has allowed it to lower its distribution costs to 3 per cent of sales, compared to 4.5–5 per cent for its competitors.

To put Wal-Mart in perspective, it employs just 1.4 million people in 5,000 stores to generate a turnover of over Rs 900,000 crore, a figure that’s close to the turnover of the entire retail industry in India, which employs more than 30 million people in some 12 million outlets.
business-standard.com
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