Wal-Mart has indicated it is willing to pay more for higher-quality products that won't break as quickly and introduce less waste into the environment. The retailer said it won't necessarily have to pass the cost on to the consumer.
"Bad-quality products create waste, and so having tighter standards ... will reduce waste," said Wal-Mart's senior VP of sustainability. Sustainability will keep costs down, he said. Wal-Mart's goal is to use only renewable energy and waste nothing.
"We are looking at a very small amount of dollars and the savings in the supply chain that we are finding because of sustainability, in some cases, will more than offset the incremental costs ... of a better-quality item," said the VP, Matt Kistler.