Word: exporters
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...tries to leverage its size overseas, Wal-Mart may find it difficult to export one of its biggest advantages. Its expertise in managing high-volume inventory and supply networks doesn't work as well in Europe and Asia, where the highway systems aren't as good and stores typically are smaller. So Wal-Mart has to become better at buying, reaching further back into the supply chain to purchase at the factory such products as hardware and apparel that it now obtains from outside vendors and importers. "We realized that, as we continue to expand internationally, the need to leverage...
...hitting targets, but analysts say Wal-Mart isn't going anywhere soon. "I don't see any light at the end of the tunnel," says Jürgen Elfers, a retail analyst at Commerzbank AG in Frankfurt. In Germany, Wal-Mart discovered a surprising weakness: it couldn't export one of its biggest advantages - high-volume logistical know-how. There was trouble synchronizing warehouse data systems, and the Americans say they were surprised by the lack of sophistication of German distribution. "It's a very immature market in Germany. We haven't been able to use our tools," says John...
...million is the maximum in fines that Hughes Electronics and Boeing Satellite Systems face for allegedly selling missile technology to China in violation of U.S. export...
People have been traveling to Scotland for centuries - but never for the food. While Scottish beef, game, salmon and shellfish are prized by top chefs the world over, you are more likely to enjoy the best stuff in Madrid than in Edinburgh, because the lucrative export market consumes the best produce. The nation's cooking has long been a source of dismay to food-loving visitors and locals alike. But now a new generation of culinary bravehearts is transforming Scotland's gastronomic landscape. The notoriously sniffy Michelin guide awarded a star to two new restaurants in 2002, bringing the total...
Anatoli Vlasenko, deputy director of the Caspian Research Institute of Fisheries, disputes reports of the beluga's demise. "The 90% depletion figure is a gross exaggeration on the part of the nervous media," he says. Still, the Russians have worked hard to sustain the remaining population with hatcheries and export quotas. Banning imports "would be the catalyst for a new round of poaching and illegal trade," says Armen Petrossian, head of the International Caviar Importers Association. Tariffs collected from the legal trade pay for the hatcheries that produce 97% of beluga swimming in the Caspian. Without revenues from the legal...