Walmart gave a big shock to China, the company turned to India for cheaper imports.

Walmart Update: America’s leading retail giant Wal-Mart is now importing more and more goods from India. Walmart continues to reduce its reliance on China for imported goods. The company is increasing imports from India to improve its supply chain and cut costs by reducing its dependence on China.

Walmart is one of the largest retail companies in the world. According to a Reuters report, from January to August 2023, the company imported a quarter of its imports into the US from India. While in the year 2018 it was only 2 percent. Imports from China fell to 60 percent between January and August from 80 percent in 2018.

Despite Walmart’s increased imports from India, Walmart currently imports most of its goods from China. Companies like Wal-Mart are importing more goods from India, Thailand and Vietnam due to rising import costs from China as well as rising political tensions between the US and China.

“We want the best prices,” said Andrea Allbright, Walmart’s executive vice president. He said that we cannot depend on only one supplier or one region to import goods. India has emerged as an important component for Wal-Mart to build manufacturing capacity, he said. Walmart imports everything from toys, electronics to bicycles and medicines from India. In addition, Walmart also imports dry cereals and pasta.

Walmart owns 77 percent stake in Flipkart, the country’s leading e-commerce company. The company also said that by 2027 it will import $10 billion worth of goods from India every year. Wal-Mart is currently importing $3 billion worth of goods.

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