Category Archives: Business/Economy

Why “Natural” Ingredients are Problematic — SupplyChainDive.com

Labeling concerns are in the news again. While consumers are demanding “clean” product labels that list “natural” ingredients, many suppliers are finding such raw materials to be problematic: “Consumer demand for natural ingredients in cosmetics and transparency into sourcing creates challenges for procurement departments to identify and manage risk in a variety of ingredients.” P.S. Want to keep your customers happy while staying in compliance with Walmart’s strict guidelines? Book a consultation today with one of our Walmart experts.

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NRF Praises Supreme Court Sales Tax Ruling — NRF.com

The National Retail Federation has issued a statement praising the Supreme Court decision that will require e-commerce stores to collect sales tax as local brick & mortar stores do: “’Retailers have been waiting for this day for more than two decades. The retail industry is changing, and the Supreme Court has acted correctly in recognizing that it’s time for outdated sales tax policies to change as well.’” Matthew Shay NRF President and CEO“ P.S. The result of this ruling may...

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Retailers Concerned About Tariffs — DigitalCommerce360.com

  Retailers remain very concerned about the effect that tariffs will have on GDP, jobs and product costs: “Meanwhile, the National Retail Federation pointed to a study conducted earlier this year for NRF and the Consumer Technology Association that found that tariffs on $50 billion of Chinese imports would reduce U.S. gross domestic product by nearly $3 billion and lead to the loss of 134,000 American jobs. That equates to roughly four jobs lost for every job gained. Imposing tariffs on an additional $100...

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Tariffs Affect Food Supply — FoodDive.com

A trade war with China could impact the agriculture industry in the United States, which will in turn affect suppliers, retailers and consumers: “According to Food Business News, the impending 25% Chinese tariffs on U.S. soybeans, wheat, corn, beef, pork, poultry, seafood and other products could have a long-term impact on farmers. ‘A recent study by Purdue University economists predicts that soybean exports to China could drop by a whopping 65% if China imposes a 25% tariff on U.S. soybeans,’ Davie...

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Google Investing in JD.com — Yahoo! Finance

Google will invest in JD.com, a Chinese e-commerce company that Walmart has also invested in: JD.com’s investors include Chinese social media powerhouse Tencent Holdings Ltd, the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd, and Walmart Inc. ‘Given Walmart also has a close relationship with JD, I see (the investment) as further tightening of the Google/Walmart alliance, which seems focused on building a third force in ecommerce beyond Amazon and Alibaba,’ said Atlantic Equities analyst James Cordwell.” P.S. These...

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American Entrepreneurship on Full Display at Walmart’s 5th Annual Open Call for U.S. Manufacturing — Walmart.com

  BENTONVILLE, Ark., June 14, 2018 – The American entrepreneurial spirit was very much alive at Walmart’s fifth annual Open Call event at their corporate headquarters Wednesday. More than 450 businesses lined the halls to meet face-to-face with buyers in hopes of landing the deal of a lifetime. And, for many, those hopes are closer to becoming reality. More than 100 entrepreneurs pitching U.S.-made products moved on to the next step, with some getting on-the-spot deals. Also, for the third year...

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Retail Sales Increased in May — MarketWatch.com

Retail sales rose 0.8% in May 2018, more than some analysts predicted and in keeping with springtime trends: “Retail sales nationwide jumped by 0.8% last month, twice as high as the MarketWatch forecast. Sales growth in April and March were also revised up sharply, partly reflecting changes in how the government calculates the numbers.” P.S. Want to take advantage of increased consumer spending? Take a class, or encourage your team to do so, and watch your Walmart sales climb!

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Volcanos Tax Supply Chains — SupplyChainDive.com

Weather events and natural disasters, such as volcanos, can take a toll on infrastructure and supply chains: “In the long-term, the volcanoes will hurt more than the people in the evacuation zones and local economies. Wreaking havoc on farms, roads and infrastructure, the volcanoes’ destruction will ripple down the supply chain in three ways, reaching companies and consumers.“ P.S. Is your business prepared for supply chain interruptions? Our expert staff can help you develop a robust plan for getting your...

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Helping Seniors Eat Healthy — FoodDive.com

Food suppliers: Don’t put all your eggs into the Millennial basket. Seniors are also concerned about what they eat, and how much it costs: “About six in 10 told IFIC their diet and lifestyle behaviors are better now than 20 years ago, and 86% are trying to choose healthier foods and beverages — particularly in the protein and vegetable categories. However, 32% weren’t sure which foods to avoid, 26% didn’t know which foods might aid their health the most, and 44% said...

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Movista Advises Entrepreneurs and Supports Walmart Suppliers

(Click the play button above to hear the podcast. Got questions? Click here to live chat with one of our experts!) It’s been a big week for lucky entrepreneurs across the country. As Walmart inks new deals through its Made in the USA Open Call, some small businesses find themselves with many different opportunities. They may be invited to sell products in Walmart Stores, on Walmart.com, or they may have received valuable advice from the Walmart buying team to make...

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