Despite the fact that Walmart is trying to do its best to reduce the impact of inflation on prices, it might not be enough. Doug McMillon, Walmart’s Chief Executive Officer -CEO- is aware of the pressure the price of items is putting on customers. It was in Davos where he discussed this issue and others during the World Economic Forum.
Besides, he understands the difficulties families find to buy products that are environmentally friendly or sustainable. One of Walmarts aims is to reach the targets dealing with climate change. It is in this forum where important personalities from different walks of life meet to share ideas. These ideas will be essential to achieve today’s goals. He knows shoppers make a big effort to help the environment as they buy. They are involved in 2 projects to be more sustainable too.
What are Walmart’s Circular Connector project and Project Gigaton?
Circular Connector is a project that aims to achieve packaging improvements. In this way, they would like to reach the zero plastic goal. Companies can contact Walmart to share their innovations. On the other hand, Project Gigaton aims to reduce greenhouse gases from being emitted.
Throughout its history, Walmart has been dealing with sustainability. They know that many shoppers cannot afford to buy environmentally friendly items since their prices may not be as low as others. However, they always try to make sustainability the best path. Regarding costs, simplicity, and without negative effects.
Their job is to have products that are as sustainable as possible
Maintaining quality while their products are sustainable at the same time is a must for Walmart. Reducing the impact on the environment and society is essential for them. So far they are reaching a big part of their goals regarding greenhouse gas reduction. It is in their supply chain where they need to put the emphasis.
Sometimes carrying out more sustainable measures cannot be possible for Walmart. It is due to the high cost and the extra pressure it would put on customers. If the prices go up a lot more, customers would not buy it because they cannot afford it. If those products are unaffordable, it will not work out.