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In late 2015, Walmart, the worlds' largest retailer, announced that company profits were decreasing, despite increased total sales, as a result of the company facing
In late 2015, Walmart, the worlds' largest retailer, announced that company profits were decreasing, despite increased total sales, as a result of the company facing shrinkage issues. Search the web for information on this story. Then answer the following questions. The following links will help you get started. Fickenscher, L. (2015, August 18). Walmart blames theft for slow growth. New York Post. Retrieved from https://nypost.com/2015/08/18/walmart-cuts-full-year-forecast-after-upping-worker-pay/ Peterson, H. (2015, August 18). One alarming reason Walmart's profit is down. Business Insider. Retrieved from https://www.businessinsider.com/walmarts-theft-problems-are-getting-worse-2015-8 Worstall, T. (2016, August 21). Walmart and theft - How much, economically speaking, should Walmart spend to cut it? Forbes. Retrieved from https://www.forbes.com/sites/timworstall/2016/08/21/walmart-and-theft-how-much-economically-speakiing-should-walmart-spend-to-cut-it/#556125197643 a. Explain the main issue of shrinkage that Walmart is facing. What are the root causes? b. What technologies and solutions has Walmart put in place to control this issue? Do you think this is a successful strategy? c. What other technologies could be useful to control the supply chain and reduce the effects of this issue
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