Walmart

“There's a difference between being complex and being complicated. And there's a difference between being simple and simplistic. You know, I would say Amazon is complex, but it's not complicated. It's a software company, right? They have certain things they sta…”

“They did that by having their own trucking, not outsourcing it. They did that by scheduling deliveries once a week instead of once every two weeks or once a month. They did that by incenting their suppliers to deliver to a very strict and ornerous schedule by …”

“One that works very well is be faster than your competitors at providing your customers what they want, when they want it, and where they want it. And if a company can do that two or three times faster than its competitors, it'll usually grow two to three time…”

“If you're Walmart trying to catch up with the distribution system of Amazon, I can't really use much of my current distribution system because it's made up for dealing with large volumes, selling large volume stores. And I have to come up with a distribution s…”

“At this point, I said that's only Amazon, Walmart, and Toyota are probably the only three companies I can imagine that are even closer to being able to do that.”

“We just launched in 505 Walmarts and really have a big retail strategy going forward.”

“We now are selling between 10 and 20,000 units a week in Walmart, and that's 10 to 20,000 new to potential new to brand customers a week that we are reaching just in our kind of trial, 505 store period in Walmart.”

“In my opinion that a lot of these big companies actually subsidize companies like three M maybe unknowingly to compete on price on, on online on some of these products because The economics of shipping them and putting them through their distribution networks …”

“At Walmart, he wouldn't let purchasing agents accept so much as a hot dog from vendors.”

“Home Depot was spending over three percent of gross sales on advertising, while Walmart was only spending 1.5%.”