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Cake day: July 9th, 2023

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  • As large as Walmart is, it is still absolute peanuts compared to the scale and (especially) dynamism of global production and consumption as a whole. Global supply chains have to change much faster and in arbitrary ways, compared to the centralized chains of something like Walmart, which in turn is also still subject to the external pressures of competition – even just hypothetical competition based on some hypothetical course of action is a powerful constraint.