: eracode: Assuming it’s not a loss-leader product, how the hell can Bunnings sell this for only $3.16 and still turn a profit? They must have paid only about $2 for it. Even allowing for mass production, small individual components and bulk buying, it barely makes sense to me.
The price makes sense to me. Factories are super efficient and the large chains now buy more or less directly. Plus, Bunnings have a massive retail footprint in NZ and Aust. The source factory probably switches to NZ/AU plug for a couple of hours a week job done.
That said, it's not unusual for some of these things to come from environments with low environmental and labour practices and standards. I'd like to see the factory where things like that are produced.
Bunnings have an ethical sourcing policy here https://www.bunnings.co.nz/about-us/sustainability and some improvement stories here - https://www.wesfarmers.com.au/sustainability/fy2022/our-stories/bunnings-ethical-sourcing-program-improving-conditions-for-factory-workers. Realistically large companies like this always get pinged when some independent takes a closer look.
