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Walmart CEO Doug McMillon, at the retailer's annual shareholder meeting, compares the former stool from his distribution centers (left) to the new lighter version (right).
Given the scale of Walmart, it's easier to save a lot of money by making small changes that impact.
Chief Executive Officer Doug McMillon said Friday at the retailer's annual meeting of shareholders in Bentonville, Arkansas, that Walmart would save at least $ 30 million this year by replacing existing stools in its centers. distribution by a lighter version.
Workers are expected to use these stools to pack tractor trailer items up to the roof, McMillon explained. The goal is to get as many trailers as possible to reduce on-road mileage and costs. But an earlier version of the stool that Walmart provided to the workers was "clumsy, big, and heavy," he said. And so the trailers were not piled up to the top because some people were not using the stool. They did not want to carry it.
Now, having created a lighter version of the stool that is much easier to handle, Walmart is doing a "much better job" in trailer conditioning, McMillon said. Good enough to save millions of dollars a year.
It's a bit like when Walmart announced a $ 200 million saving by replacing bulbs in its stores and car parks, as well as $ 20 million through the use of a new floor wax. All this adds up.
Walmart presents itself as offering "daily low prices", which can only be achieved if it maintains its own costs.
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