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Wal-Mart Plans Upgrades For Vendor Compliance In China

January 28, 2014: 12:00 AM EST
Wal-Mart Stores Inc. said it plans to upgrade its vendor compliance process in China, after it was accused by state-owned China Central Television of violating the country’s vendor permit policies to jack up its profits. As part of its compliance efforts, Wal-Mart will expand its inspection of vendors’ fulfillment documents for products sold at its stores and will collect more documents to verify product labels, test results, and product claims. Wal-Mart defended its compliance practices, saying accelerated product approvals are only for current suppliers. The company has encountered various obstacles in China, an important growth market for the U.S. retailer.
Laurie Burkitt, "Wal-Mart Boosting Compliance in China", Wall Street Journal, January 28, 2014, © Dow Jones & Company, Inc.
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