[1] Kid sized hand prints on old victorian roof tiles, https://www.reddit.com/r/interestingasfuck/comments/13oser2/...
[2] 2022, Child Labor and the Human Rights Violations Embedded in Producing Technology, https://www.culawreview.org/journal/child-labor-and-the-huma...
[3] https://www.apple.com/newsroom/2023/04/apple-will-use-100-pe...
They might just as well change their sources now, or after 2025. The trillions are already in their banks; the children that mined until now are dead or close to; we, the consuming public, have been compromised because we like shiny toys (I own quite a few Apple products, at least a dozen children, they are so frail, must have been murdered to manufacture them); all is great. All that's left is to think of a truly unimaginable science fiction story: a $2.7+ trillion company is found guilty for the death of one single child and the company is dissolved.
The inverse is not true, as you are unlikely to find any vendor who Walmart makes 5%+ of all their sales dollars off of.
So Walmart can generally turn to any of these vendors and say - we will evaporate 5% of your sales overnight if you don't give into demand, and send all our orders to some competitor.
Traditionally, businesses build a reputation and customers learn where to find them (a physical location). They then become and stay profitable. Anyone depending on a monopolist for its pay-to-sell strategy won't usually reach profitability. The monopolist might be as small as a greedy feudal lord in the middle ages. Today we have Apple/Google etc
<< If they don't do it, someone else will
That is the interesting part. The pressure is so high that people are willing to forego their own self-interest and basic critical thinking skills, because someone will do it at or below cost anyway. It is great for Walmart, but it would explain why so many businesses fail so hard. They are way too nice to the other party.
Here the vendors are simply making less money because their product is part of a highly competitive marketplace.
Here the vendors are simply making less money because their product is part of a highly competitive marketplace. Furthermore, their position is weakened because they are poorly differentiated from their competition.
That's our stock market though. If Walmart isn't squeezing on costs, then it needs to make that up in gross revenue otherwise the stock will suffer.
Is it possible to be "ethical" in how you define it, when the financial market performance of the company is largely dependent on this?
Walmart took it a step further - they have information for their employees on how to do that efficiently, rather than paying a living wage.
> Especially if you're already one of the richest companies to ever exist.
How do you think they got there in the first place?
If they succeeded (many didn't, ending in bankruptcy), the supplier was now trapped: no one could offer Walmart levels of volume, which the supplier now had to operate at to make a profit. Walmart could come back next year and demand lower prices. They famously joked amongst themselves that their goal was to drive out all profit for their suppliers.
Vlassic Pickles is the classic example of a company that took the offer, rebuilt themselves, and became massively larger than they were before.
I worked at a manufacturer for several years in IT. Walmart was a customer, but only in a limited way (i.e., without requiring huge volumes and service levels[0]). Our main competitor, Rubbermaid, was a tier 1 supplier. When Rubbermaid's main factory in the segment burned down, Rubbermaid withdrew from Walmart as a supplier, citing low profit margins. We got the call to come to Bentonville, where they offered us the chance to replace Rubbermaid, which would mean a fundamental restructuring of our entire operation to service them. We (wisely) declined.
[0] An example of the service level required: Walmart would send an order by EDI that would include a two hour window for delivery, 24 hours out, for a store. That meant you had to have inventory and drivers within a certain distance from every Walmart location so that you could immediately pick the order, get it on a truck, and arrive at the store within that two hour window.
I met an independent trucker who said he sometimes did pressure relief for a large logistics company but would refuse any Walmart deliveries (not to the stores, to central warehouses). He claimed they gave you a 15 min delivery slot on a cross country route, they only way to avoid penalties was to aim to be there hours early and wait on your slot. He said it basically added 3-6 unpaid hours for every trip, and wasn't worth it.
Mouldy pickles aint good.
Underutilized trucks aint good either.
Remember that when somebody starts talking about how what we have is just a Free Market and the market forces make everything optimized and smooth.
Yes it does, but we don't have a perfect Free Market. It's as elusive as the the perfect Communism.
(Mother Nature is a neutral judge though and keeps score.)
* corrected spelling the author's name.
**https://www.amazon.com/United-States-Wal-Mart-John-Dicker/dp...
https://www.amazon.com/United-States-Wal-Mart-John-Dicker/dp...
Apple meets India, nothing new. They'll just have to adapt.
This is what globalism does. Take the environmental destruction and shitty working conditions that would never be allowed in your own country to other countries and centralize the profits from doing so into the hands of a few.
Globalism permits to all countries around the globe to develop.
Nobody is preventing these countries to set laws about environment and working condition (which they actually do).
And by the way, I invite you to go to these countries and visit the factories there, and you will realize that western companies are raising standards (security and quality) on their suppliers.
He was wrong though, it appears, no? I mean one could argue that there would be more wars without globalism (I'd counter argue there would be less weapons) but one cannot say "globalism prevents wars" in general.
There's absolutely a big push to keep employment laws as well as other laws „flexible“. And keep salaries as low as realistically possible. Otherwise MUH INVESTORS will go somewhere else. To be fair, it's not (just) foreign investors. Local elite is making $$$ providing support to incoming companies. Real estate moguls, construction companies, subcontractors etc.
Ultimately it is a race to the bottom to appease the sacred investor and let local elite enrich themselves.
What he said, by implication, was "read a book on macroeconomics".
I like HN a lot but for this type of topic, its consistently, desperately, and annoyingly un-objective (if thats a word). I do get that we humans tend to form echo chambers by ourselves just to validate our viewpoints and decisions however subjective they may be, but I expect a bit more than what I see here from some of the smartest folks on Earth.
Their influence is very visible also in other places, ie otherwise great web for photography - dpreview.com is a pure echo chamber for Apple. Every apple product is discussed in details and glorified, any problems are completely ignored. Most competition is given almost 0 coverage, especially direct competitors or those that currently surpass some of their tech at given time. And we don't talk US-vs-China stuff, many phone manufacturers don't have any China ties at all, or are outright US companies.
There is no way in hell Apple is not pouring tons of cash into ironing their fuckups, or just errors in judgement, infrequent as they are, and HN is way too visible and important to not be part of such an operation. To skip it would be a very junior mistake, and there are no juniors in this space in 2023, not with richest company globally.
I've never heard this phrase from anyone that wasn't nakedly seeking power and compliance from others.
Years later I started hearing it in business too, as if management circles thought it would be useful in increasing production rates. Not accounting for the fact that levels of urgency similar to military training may not be sustainable in peacetime, and result in workforce burnout and other problems.
A better alternative I’ve seen in high-impact academic research groups is “focus”, rather than urgency. Focused effort produces research results, and can even be energizing rather than draining and burnout inducing. I would hope business circles would adopt that academic approach rather than the military one.
High focus and high intensity is not sustainable over duration. Performance degrades over time without recovery.
And right there the topic drowns in whataboutisms before it disappears from the frontpage.
this is what apple does. they use their clout, then they turn their back and play ignorant whilst placing unrealistic demands on the subcontractors who then place those demand on the labour.
from: https://www.macrumors.com/2023/02/14/only-half-of-indian-iph...
> "Apple engineers told that Chinese iPhone suppliers and government officials have a "whatever it takes" approach to win iPhone orders, work was often completed weeks ahead of schedule at "inexplicable speed". In India, [we] are not running at this pace. "There just isn't a sense of urgency," one Apple engineer remarked."
Remember, this is a $3 trillion company, with resources greater than most countries. A company built on tight control of information. If you see lots of positive or misdrecting comments, it's not necessarily a coincidence (imo).