What Walmart Requires
Supplier uses the app
Walmart Inc. is requiring U.S.-based suppliers to implement new app-based software that allows them to see and access more sales and inventory data.
Developed in 2021 by Walmart Data Ventures and an outside marketing research firm, Walmart Luminate replaces an older app called Decision Support System. Suppliers must switch to Luminate by his March 1st date.
Walmart vendors now have the basic version available as a free subscription. The paid “Charter” version provides more resources, including access to best practice guides and a catalog of training courses.
According to the Walmart Luminate website, the software provides U.S.-based retailers and suppliers with “unprecedented access to rich, aggregated customer insights that enable smarter, faster decision-making. ” is a new suite of data products that deliver
Walmart representatives can see the same data that is available to suppliers through Luminate. Merchandising teams use data for assortment optimization, category review and planning. Brand, Insight, and Shopper marketing teams use it for category and channel strategy and marketing planning.
— Serena McKay
State milk production
22% decrease in 3Q
Milk production in Arkansas continued to decline sharply in the third quarter as the herd continued to shrink year over year, according to the U.S. Department of Agriculture.
The state’s dairy cows produced 7 million pounds of milk in the July-September period, down 22% from the third quarter of last year and down 22% from the previous quarter. One gallon of milk weighs 8.6 pounds.
The average number of dairy cows on farms in Arkansas was 2,500 in the third quarter, down 1,000 from the same period last year and 500 from the previous quarter.
National dairy cow production in the third quarter was 56.1 billion pounds, down 0.7% from the previous year. The average number of animals from July to September was 9.38 million, a decrease of 33,000 from the same period last year.
— John Magsam
Index decreased by 10.77
Until the day ends at 835.06
The Arkansas Index, a price-weighted index that tracks the largest publicly traded companies headquartered in the state, closed 10.77 points lower at 835.06 on Thursday.
“Federal Reserve Chairman Jerome Powell’s comments that “a few months of positive statistics are just the beginning needed to build confidence that inflation is falling sustainably” are a sign of falling stock prices. “This is the third consecutive session,” said Leon Lantz, managing director at Stephens Inc., adding to market participants’ concerns that interest rates will continue to rise for an extended period of time.
PAM Transport’s share price fell by 11.4%.
The index was created by Bloomberg News and the Democrat Gazette with a base value of 100 on December 30, 1997.