Walmart is leveraging small cost savings projects to save major dollars across the supply chain. The company plans to save $60 million by changing the way it buys shopping bags. By using recycled materials, Walmart has reported 15% savings on the cost of vests worn by workers.
Additional savings: $100 million annually by centralizing how it maintains equipment in its stores thru energy efficiency, and a whopping $200 million by changing the light bulbs in stores and parking lots.
These are just a few of the savings Walmart has identified. The company is improving its bottom line by finding ways to be more efficient with a special emphasis on sustainability.
Video Spotlight:
- Walmart Plans To Save More Than $200 Million With 2 Small Changes (Wochit News, Oct 16, 2018)
- Humes Says Going Green Saves Wal-Mart Millions (Bloomberg, Jun 27, 2011)
This post is based on the CNBC article, Walmart changed the way it buys shopping bags and saved $60 million – and that’s just one way it cut costs, by Lauren Thomas, February 18, 2020, and the YouTube videos featured in the Video Spotlight. Image source: SEG – ALL.
Discussion Questions:
1. Walmart seems to be Continue reading
