Higher transportation costs are forcing Wal-Mart into the locally grown food business.
LITTLE ROCK, Ark. (AP) — Wal-Mart stores in Arizona now stock Grand Canyon sweet onions while aisles in New York display state-grown eggplant, as the world’s largest retailer says it has become the nation’s largest buyer of locally grown fruits and vegetables. . .
Because of that, the company estimates it saves about 100,000 gallons of diesel fuel a year and cuts away 672,000 food miles — the distance produce travels from farm to a customer’s plate. That adds up to $1.4 million in annual savings, Galberth said.
What about all those cheap manufactured goods from East Asia? How much longer will Wal-Mart be able to afford its “warehouse on wheels” balancing act?