The globalization phenomenon has affected many businesses in recent times and the retail business has specially been affected as the retail companies purchase a lot of their merchandise from the international market. The political, social and ethical environments of different countries directly affect the companies buying merchandise from these companies.
Albertson is one of the biggest companies in the retail industry with a diversified supplier base. The political and social unrest and the laws prevalent in the countries where Albertson’s suppliers are situated directly influence the overall business. The management of Albertsons has to plan the levels of inventory and purchasing based on the suppliers’ countries. Another area affected y international business is that of international benchmarks for different products and procedures such as the quality of products or the way financial statements are prepared and interpreted.
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