Found this interesting reading the other day - the sheer power of large corporate leverage:
"Walmart grocery sales have increased [more] than those from Kroger, Safeway, and SuperValu grocery chains combined (for a total of about 145 billion in 2011), is uniquely positioned to actually cut small farmers' profits, by virtue of their sheer size and market power.2
“To maintain its low cost provider status, WMT [Walmart] uses a two pronged approach. First, it leverages its scale to exert buying power on its suppliers and obtains a lower price for its inventory than competitors.
Second, WMT is relentless on cutting costs across its supply chain and maintaining as lean a structure as possible. By doing these two things, the company is able to pass on its savings to customers while still maintaining margins that are equivalent or higher than competitors.
To note an example, even when the U.S. grocery market was feeling the impact of food price inflation in the latter half of 2012, Wal-Mart was able to lower its grocery prices and take share from competitors who had no choice but to raise prices to maintain their margins.”
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Today's Featured Article - Trenching With a Plow - by Staff. Introduction: This interesting information came from one of the discussion forums here at YT. We thought we should place it up front so it could be read by anyone interested in putting old iron to work. [Editor] I tried something new today, and it worked so well I thought I should post it - in case it might help someone else. I'm running 100 yards of 4" drain pipe from the gutter downspouts of our house to a pond down the hill. This should hel
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