Walmart, the world’s largest retailer, is importing more goods to the United States from India and reducing its dependence on China. Between January and August this year, Walmart shipped 25 percent of its U.S. imports from India. That compares to just 2 percent in 2018. Import Yeti, a data company,...
Walmart Skyrockets Sourcing from India
Walmart, the world's largest retailer, is significantly increasing its imports from India according to Reuters. The data, sourced from bill of lading figures provided by Import Yeti, indicates a notable shift in Walmart's sourcing patterns. The company shipped 25 percent of its U.S. imports from India between January and August...
Walmart Buys Out Tiger Global’s Stake in India’s Flipkart
Walmart paid $1.4 billion to buy out hedge fund Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. Besides Tiger Global, Flipkart co-founder Binny Bansal along with Palo Alto, CA-based private equity firm Accel, one of the earliest investors...
India Expected to Overtake China to Become Walmart’s largest International Market
During Walmart’s yearly institutional investors call, CFO and executive vice president John David Rainey stated, “I believe India is going to be the largest (International) market in the world this year, surpassing China. It’s a really promising opportunity in the future.” Bentonville, Arkansas-headquartered Walmart, is the majority owner of Flipkart,...
Walmart/Flipkart Partner India’s NSIC to Enhance Exports
Walmart and its India unit Flipkart have allied with the National Small Industries Corporation. (NSIC) to jointly accelerate capacity building for micro, small, and medium enterprises (MSMEs) across India. The partnership will also support MSMEs in their journey to become part of retail supply chains, locally and globally. Tens of thousands...
Flipkart to Expand Warehousing Infrastructure
Walmart-owned online e-commerce company Flipkart announced plans to add more than 800,000 square feet of space and 5 new fulfillment centers to strengthen its grocery supply chain infrastructure. These centers will be located at Delhi, Kolkata, Chennai, Coimbatore and Hyderabad over the next three months. The additional capacity will help...