My rebirth is different

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However, the market value does not only look at sales, but also considers factors such as profit margins and development prospects.

………………

After hearing Yu Wenfei's words, Robenson was stunned for a while, he never expected that Yu Wenfei's words were so absolute!

This means that Wal-Mart is not optimistic about the current situation at all.

but……

Wal-Mart is clearly at the peak of its history, with global expansion and annual sales hitting new highs.

In the ranking of the world's top [-], it has won the championship for several years in a row, and the company's market value is about to break trillions of dollars!

Will online e-commerce really develop to that extent as Yu Wenfei said?

Although Amazon has grown by leaps and bounds in recent years, and its market value has been rising day by day, Robson still looks down on Amazon from the bottom of his heart.

Because Wal-Mart's annual revenue is hundreds of billions of dollars!

What about Amazon?

The annual turnover does not exceed 50 billion US dollars!

Moreover, it has been established for ten years, and has never made a profit, and has lost money every year!

And Amazon is already the benchmark in the e-commerce industry, the one with the best performance and the highest market value...

Is such a so-called Internet e-commerce company worthy of being compared with its own Wal-Mart?

Therefore, he is skeptical about Yu Wenfei's "prophecy".

"Is the Internet developing so fast? But... I always think that when people buy goods, if they can see the real thing with their own eyes, touch it, or try it out, the sense of satisfaction and happiness they bring is real. .And Internet e-commerce cannot bring people such a consumption experience.” Robson spoke a little fast.

Chapter 696 Come to Stanford again

After listening to Robson's words, Yu Wenfei smiled slightly.

Robson's point of view actually represents the thinking of almost all traditional retail giants. In 2003, they still looked down on e-commerce, thinking that e-commerce websites were just small businesses, and it was impossible to pose a real threat.

However, these people who work in traditional industries have not recognized a truth.

That is, technology changes the world!

"Mr. Robson, for high-end consumers, shopping experience may be very important. However, for the vast majority of ordinary consumers, low prices and shopping convenience will always be in front of the shopping experience! When one day, products How can you retailers compete with manufacturers when they directly sell their products online?" Yu Wenfei said meaningfully.

Robson froze for a moment, then fell into deep thought.

Yu Wenfei's words hit the nail on the head, pointing out the true meaning of the retail industry, and Robson had no way to refute.

Both of them are very familiar with the retail industry. Yu Wenfei's Knorr Supermarket has grown into the largest supermarket chain in the mainland in just one year. If he said he didn't understand the retail industry, it would be a joke.

Not to mention Robson, the world's number one retail giant!

When consumers buy products in terminal stores, the retail price may not account for too much of the product cost price. The intermediate logistics links, publicity and promotion costs, store rental costs, store labor costs, and even several layers of wholesalers Channel costs are included and account for a large proportion.

Wal-Mart has tried to reduce costs as much as possible. They are group-style bulk purchases, relying on huge purchases to reduce the cost of purchasing goods, and then distribute goods globally to provide consumers with the cheapest prices possible.

But even so, after adding the store rent and labor costs, plus your own profit, the retail price is still much higher than the ex-factory price of the product.

Just like Yu Wenfei said, if product manufacturers directly ignore the intermediate channels such as Wal-Mart and Carrefour, and face consumers directly, and there is no such heavy cost of store labor on the Internet, it is conceivable how low the price of products will be.

How will Wal-Mart compete then...

But Robson is obviously not a person who is easy to be persuaded. After thinking hard for a moment, he still said unwillingly: "Wal-mart is also making changes all the time. Manufacturers! Moreover, at Wal-Mart, consumers can buy all the things they need at one time. The limitations of online e-commerce are still very large, and no single manufacturer can produce all the goods.

If consumers want to buy all the daily necessities, they may have to compare and choose many home appliance suppliers. The time wasted in the process is also a cost.

Even if the worst happens and consumers choose to shop online instead of offline supermarkets, then we will directly establish our own Wal-Mart online supermarket at that time, and the transition will be very convenient and fast.The original stores and warehouses can even be directly used as logistics transfer centers, and the delivery efficiency is much higher than those of pure e-commerce. "

That's enough for this topic, and Yu Wenfei didn't have to argue with him about right or wrong. Some things, whether to listen to them or not, or how much they listened to, were all Robson's own business.

So, he said with a smile: "Wal-Mart is a great company, and I hope it can continue to be great. This time, the matter of IBM will get rid of Mr. Robson. I hope we will have the opportunity to continue to cooperate in the future."

Robson also smiled heartily: "There will be opportunities. In the next few years, Wal-Mart will continue to increase investment in mainland China. On the contrary, I think you intend to develop here in the United States. Let us join hands Come, let's help each other."

Being able to say this shows that Robson did not underestimate Yu Wenfei, and that he was able to put Yu Wenfei on an equal footing with him. To be honest, this is tantamount to flattering Yu Wenfei.

After all, with the size of Wal-Mart at the time, no matter which country they went to develop, they would directly come into contact with the top people, so there really wasn’t much that needed Yu Wenfei’s help.

Perhaps, Robson saw that Yu Wenfei has achieved this step in such a short period of time at such an age, and he is more optimistic about his future development, which can be regarded as an early investment.

This time when he came to the Wal-Mart headquarters, Yu Wenfei did not see the other members of the Walton family, and Robson's younger siblings did not work at the headquarters at that time, and they were busy with their own affairs.

Just like his sister, she mainly focuses on family foundations and charity, as well as local infrastructure construction, and does not intervene in the management of the company.

It is no exaggeration to say that all the roads and infrastructure around the small town of Bentonville were paid for by the Walton family.

In the past, there was not even a decent road. Every time people from Wal-Mart's out-of-town branch came to the headquarters for a meeting, they had to come one day in advance because the road conditions were so bad!

The Walton family has built a small city, and they donated a large part of the education funds in the entire state of Arkansas.

…………

This time, when I came to visit the Walton family, I was accompanied by only two secretaries, Pei Er and Hu Jingjing, and the rest of them were busy in New York with the people of IBM for follow-up matters.

"President Fei, will we go to New York?" Peier asked.

"No, go to California." Yu Wenfei said.

"Ah? Go to the North American branch of Facebook and make peace with AI General Manager?" Peier asked curiously.

When Effie arrived in the United States, she directly transferred to California, because the North American branch of Facebook and the headquarters of Blizzard were there.

"No, I'm going to do something personal." Yu Wenfei replied.

"Go to Stanford University?" Hu Jingjing said beside her.

Hu Jingjing knew something about Zhou Mengqi, because sometimes during festivals, Yu Wenfei asked her to buy gifts and mail them to Stanford University, and the recipient was of course Zhou Mengyi.

But Hu Jingjing has never been able to understand the relationship between Yu Wenfei and Zhou Mengqi, and feels that the two are not like boyfriend and girlfriend, but they are closer than ordinary good friends.

Having been by Yu Wenfei's side for a long time, and the relationship between the two has broken through that level now, many things about Yu Wenfei are no longer hidden from her.

Hu Jingjing knew about Wu Xiu, Zhou Mengyi and Yu Wenfei.

Of course, Yu Wenfei also had intentions to let her know.

Yu Wenfei nodded, and said with a calm smile: "Yes, go there to visit friends, by the way, Pei Er, you can also go back to see family and friends. How about this, after arriving in California, I will give you two days Fake."