iPhone maker Wistron quits, saying Apple didn't let it make a profit

Post by actionfromafar » Mon, May 22, 2023, 10:11 PM UTC

ska wrote: post #96

fatbird wrote: post #60

Earlier quoted context omitted.

This is part of it, but a bigger part is simply that Walmart approached suppliers with a proposed volume that would require the company to rebuild themselves as an operation in order to meet that demand and the required service levels, at the price Walmart was willing to pay. If they succeeded (many didn't, ending in bankruptcy), the supplier was now trapped: no one could offer Walmart levels of volume, which the sup…

I remember a claim (from Vlassic itself?) also that Walmart pushed them into producing larger volume SKU's, against their (Vlassic's) detailed data on usage, shelf life, etc. Result: more mouldy pickles in peoples refrigerators. Hurt Vlassic as a brand, not really in consumer interest, but Walmart could advertize a $/volume nobody could match. I met an independent trucker who said he sometimes did pressure relief for…

Post by thatguy0900 » Mon, May 22, 2023, 10:12 PM UTC

smabie wrote: post #89

thatguy0900 wrote: post #66

Earlier quoted context omitted.

The alternative route people would prefer is for people in charge of these companies to act ethically and not try to squeeze everyone around them for every cent of profit possible. Especially if you're already one of the richest companies to ever exist. That's not very realistic, though, since sociopathy is essentially taught in business schools now.

Everyone is trying to squeeze everyone else, including you. This isn't about sociopathy, this is just the human condition.

Post by actionfromafar » Mon, May 22, 2023, 10:13 PM UTC

smabie wrote: post #89

thatguy0900 wrote: post #66

Earlier quoted context omitted.

The alternative route people would prefer is for people in charge of these companies to act ethically and not try to squeeze everyone around them for every cent of profit possible. Especially if you're already one of the richest companies to ever exist. That's not very realistic, though, since sociopathy is essentially taught in business schools now.

Everyone is trying to squeeze everyone else, including you. This isn't about sociopathy, this is just the human condition.

Post by dahwolf » Mon, May 22, 2023, 10:52 PM UTC

Post by frozenport » Mon, May 22, 2023, 11:04 PM UTC

carlosjobim wrote: post #111

steveBK123 wrote: post #47

Earlier quoted context omitted.

It's asymmetrical for the most part on a lot of stuff Was listening to Bloomberg the other day and they were talking about how Walmart is the biggest grocer in US. They have pricing power because for example they constitute something over 5% of all Heinz sales. Similar for paper products from one of the big companies like Procter & Gamble. The inverse is not true, as you are unlikely to find any vendor who Walmart ma…

I've never understood this. If you're not making enough profit - or even loosing money - selling to a large client, you are better off without them. Profit should come before everything else, including growth.