Friday, March 7, 2008
Wal-Mart to pay more for long-lasting products, same goes for more eco-friendly products, according to retailer
In this article, Wal-Mart Stores Inc. is willing to pay more for products that last longer and hurt the environment less.
They are willing to pay more on the product but it does not mean a higher price for customers. They are looking at a very small amount of dollars and the savings in the supply chain that they are finding because of sustainability in some cases will more than offset the incremental costs of paying for a better quality item.
To meet that goal, it has developed a "packaging scorecard" that will rate its 60,000 suppliers on their ability to cut waste and conserve resources. the scorecard had already produced a lot of change in the packages of its most popular products.
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