TNCs

Transnational Tesco

• Started in 1919 in East London (grocery stall)
• First supermarket opened in 1956
• Diversified into new markets (electrical etc.)
• Uses supplies from all over the world (India, Thailand, Mauritius)
• Average wage in these countries is 50p
• Expanding into  new countries (Poland: 280 stores, China: 47 stores)
• Set up a joint venture with South Korea
• 60% of Tesco's international profits come from Asia
• 1,250 overseas stores, 450,000 employees
• £47 billion revenue, £2.7 billion profit
• Shipping makes it a huge emitter of greenhouse gases
• Claims not to erode local culture

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