Wal-Mart to upgrade China vendor compliance

FE Team | Published: January 30, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Chongqing : Employees stand in front of the gate to a Wal-Mart Super centre in Chongqing municipality recently. — Reuters Photo

HONG KONG, Jan 29 (Reuters) : US retailer Wal-Mart Stores Inc said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork.
The announcement came after state-owned China Central Television (CCTV) criticized the world's No. 1 retailer for circumventing its quality control process and fast-tracking some products with higher profit margins.