 |
| +Benjamin Cavender |
The China Daily:
Among the executives being sidelined are vice-presidents from its hypermarket business Wal-Mart China and its wholesale arm, Sam's Club China, according to two Wal-Mart China employees, who asked not to be named. Others have been removed from divisions including merchandising and innovation, they said. Many of the dismissed have at least 15 years' working experience, according to local media reports.
"This is a sign that Wal-Mart is facing more competition as well as cost pressures," said Ben Cavender, principal of the Shanghai-based China Market Research Group. "This looks like an attempt to streamline their operations, to cut costs and become more efficient."
The current overall economic climate as well as the fallout from bad publicity from its own and other food safety scandals are also hurting the brand, said Cavender, while at the same time competitors are becoming more efficient and competing more aggressively.More in the China Daily.
Ben Cavender is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.
Are you interested in more risk management experts at the China Speakers Bureau? Do check this recent list.
