Walmart has a large retail seafood business and it is always a challenge to reduce cost and promote sustainability. With upward trend for the demand of sea-food, depletion of the seafood supply is inevitable unless Walmart have a deep engagement of their supply chain. One strategy that Walmart wants to promote to their suppliers is for all of them to take up the Marine Stewardship Council’s certification program. This process will be time consuming, expensive and complex. The depletion of some fish poses a threat to Walmart and its seafood supply chain.
Many challenges exists that will lead to indirect or direct increases in the cost …show more content…
Eco-labeling, as in the case of Whole Foods is a great strategy to market and increase consumer awareness. By doing this, Walmart will be able to communicate better with their customers regarding their efforts in their environment and social responsibilities. This improves their image, their market share and profit margins.
Reducing the cost of the supply chain by buying directly from producers will have an direct impact on the supply chain. This will reduce cost. Furthermore, reducing the involvment of middlemen and intermediates can also rationalize their sea-food supply chain management. They can merge with direct providers of goods and commodities.
Communication with consumers is also key to promote Walmart’s sustainability. They need to