BUSI2034 Lecture Notes - Lecture 2: Aldi, Sustainable Packaging, Whole Foods Market
Document Summary
8500 stores in 15 countries, under 55 different names largest private employer in the us, mexico as walmex and the 3rd largest in. 108 stores in china under the name of trust-mart. After having set up shop in germany in 1997, had to withdraw in 2006. Walmart"s corporate philosophy was rejected in germany. German recession risk returns with crisis-era plunge in output - https://www. bloomberg. com/news/articles/2020-02-07/german-economic-weakness- exposed-again-as-industry- slumps?utm_source=before+the+bell&utm_campaign=b9c5d253b1- Factory orders declining at the fastest pace. Even more challenging with coronavirus hitting global business. Germany has suffered from trade tensions, brexit and climate change challenges. Germany has been performing poorly in construction. Us-china trade war has eased but there are still threats of tariffs on european imports and european central bank president lagarde announced that coronavirus add another layer. Volswagen ag is one of the german companies that had to close its factory in china because of the virus. 2019 was a bad year for german economy.
