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The Walmart Effect in China

©iStock/Robin Images As a global small business owner, how many times have you said, "I wish I was as big or had the power of Walmart?"  Oh come on.  You know you've gone there.  And yet you might work with Walmart and only worry about two things:  1).  Keeping up with demand and 2).  Getting get paid on a time. But what if, just what if, you had to worry about this: With Walmart (WMT) importing more cheap goods from China than it exports to that country, the retailer's actions may be implicated in an estimated loss of at least 400,000 U.S. jobs from 2001 to 2013, the study [ published by the Economic Policy Institute ] finds. Would you rather remain who you are as a global small business owner -- creating jobs for America -- or become the size of Walmart and deal with their issues? Read more:   Walmart's China syndrome:  The loss of U.S. jobs

Walmart to Source $20 Billion Worth of Products from Women Entrepreneurs Globally

©iStock/Marina_Kruykova Small fact:  Walmart has decided to source $20 billion worth of products from women entrepreneurs globally, every year.  That's according to Rajneesh Kumar, Vice President, Walmart India (P) Ltd. Here's what female entrepreneurs [in Kerala, India] need to do to work with Walmart: Make products of good quality that meet global standards. Provide a minimum quantity of the products. Be able to understand customers (since the rationale is that women make most of the decisions at home and hence women entrepreneurs will be able to understand the customers better). Wait.  There's more.  Read on:   Walmart is ready to source products from women entrepreneurs in Kerala