SANJAY SHRIDHAR’s Post

Walmart's India Sourcing Crosses $30 Billion Milestone Content: Walmart's commitment to sourcing goods from India has reached a significant milestone, surpassing $30 billion over the past two decades. This achievement underscores Walmart's strategic focus on India as a key market for global sourcing, aiming to further elevate annual exports to $10 billion by 2027. The retail giant recognizes India's favorable ecosystem and infrastructure, and is poised to provide global market access to Indian manufacturers. Through partnerships with renowned Indian companies like Hero Ecotech, Mrs Bector's Food, and Welspun, Walmart continues to bolster its sourcing initiatives. Furthermore, Walmart's Vriddhi initiative has been instrumental in training 50,000 individuals, surpassing its initial target, and plays a pivotal role in supporting Micro, Small, and Medium Enterprises (MSMEs). This proactive approach aligns with Walmart's vision to foster diverse and reliable global supply chains and bolster the growth of local MSMEs, simultaneously contributing to India's burgeoning economy. #Walmart #IndiaSourcing #GlobalTrade #MSMEs #EconomicGrowth

Walmart’s Strategic Shift: India as a Key Growth Market and the Pursuit of a $10 Billion Sourcing Goal by 2027 #WalmartIndia #StrategicShift #RetailGrowth #GlobalExpansion #BusinessStrategy #MarketExpansion #SourcingGoals #RetailIndustry #Walmart2027 #CorporateDevelopment #IndianMarket #RetailLeadership

𝐖𝐚𝐥𝐦𝐚𝐫𝐭 𝐛𝐥𝐚𝐳𝐢𝐧𝐠 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚𝐧 𝐞𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐢𝐚𝐥 𝐬𝐩𝐢𝐫𝐢𝐭 𝐚𝐧𝐝 𝐛𝐨𝐨𝐬𝐭𝐢𝐧𝐠 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 India’s manufacturing capacity is broadening and scaling day by day, bolstered by a growing business ecosystem and a strong infrastructure. Today the nation stands on the global stage of business and innovation, trying to achieve the goal of a trillion-dollar economy in a compressed timeline. Walmart, a global retail leader rooted in the US, recognizes this growing potential of the nation and trying to establish a stronger foothold in the Indian market. To spread its wings in the Indian domain and to create a link between Indian manufacturers and the demands of Indian goods all across the globe, the brand has organized a Growth Summit. This summit serves as a collaborative platform bringing together MSMEs, manufacturers, and small retailers, to catalyze exports from India. 𝐓𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐛𝐞𝐥𝐨𝐰 : https://lnkd.in/guSmWJeZ Walmart | Doug McMillon | Andrea Albright | Kathryn McLay | Kalyan Krishnamurthy | Sanjiv Singh | Rahul Chari | Swasti | Flipkart | PhonePe | Myntra | ninjacart | Shahi Exports Pvt Ltd | Welspun World | HERO ECOTECH LTD | MRS. BECTOR'S FOODS PRIVATE LIMITED | Walmart Vriddhi India Food Forum | IMAGES Group #BusinessOfFood #CulinaryCommerce #FoodService #Food&Grocery #ECommerce #GroceryRetail #HoReCa #FoodTechnology #Sustainability #Innovation #Supplychain #FoodIndustryNews #FoodBusinessUpdates

🚀Walmart is strengthening its relationships with Indian suppliers to meet its target of sourcing $10 billion worth of goods annually from the country.✨ Following a recent supplier summit in New Delhi attended by over 100 Walmart representatives, 80% of suppliers have been invited to the next stage, which may involve bidding processes or joining Walmart's marketplace. This effort is part of Walmart's larger plan to triple its imports from India by 2027, focusing on categories like food, health, apparel, and toys where India excels. The summit showcased Walmart's commitment to supporting India's supply chain development and brought together innovators from Walmart and India. 🎯 Some highlights of this program are :  🌍Global Impact: Walmart's Supplier Development Program goes beyond borders, fostering inclusive economic growth by connecting local businesses to domestic supply chains. 🎓 Free Training & Digital Tools: MSMEs benefit from a robust curriculum covering finance, marketing, workforce management, and sustainability, setting the stage for successful and sustainable business models. 🌱 Sustainable Entrepreneurship: Environmental sustainability takes center stage, reflecting Walmart's commitment to responsible business practices. 🛍️ Flipkart's Platform Expertise: Partnership with Flipkart provides MSMEs access to cutting-edge digital tools, leveraging e-commerce expertise for accelerated growth. 💼 Job Creation & Community Impact: Graduates expected to reinvest in local communities, generating jobs, stimulating value chains, and acting as catalysts in India's burgeoning economy. Additionally, Walmart Vriddhi, a program launched in 2019 in collaboration with Flipkart, has successfully graduated 50,000 small to medium-sized suppliers, providing them with training, mentoring, and digital tools for growth. #WalmartVriddhi #EmpoweringMSMEs #SustainableBusinessGrowth 🌍

India jumped from the 13th spot in 2000, To become the 5th largest economy by 2022! #D_Funda If the Indian economy's macros remain resilient, It'll outrank Japan & Germany by 2050. Our economy could thereafter outrank USA by 2075 and compete for the top-spot with China, soon after. China's current (veiled) slowdown aside, its economy even today, exports deflation to the world. However as the economy matures (by GDP & in per-capita), the world would eventually have to come knocking on India's doors -- for consumption as much as production! So as I see it: For any global business & its Board Room, India becomes a priority market - increasingly so! It's thus no surprise that on one hand, FDIs can't keep their money or speculation away from our economy. And on the other, the likes of Ford, Harley Davidson or Carrefour seem to be making a beeline to rejoin India's growth story. Now! Whether it's about entry, re-entry or doubling down, simply put... India isn't a question of 'if' but 'when'. _ #india #economy #worDplay #preDiction #gdp #bharat

Several global companies are looking to re-enter the Indian market after shutting down operations previously, Nivedita Mookerji reports for Business Standard. Europe’s leading retail chain Carrefour, which had closed its India operations in 2014 due to an inability to establish a multi-brand business, is now making a comeback through another format. American auto giant Ford announced last week that it is making a comeback after shutting its business in India in 2022 due to stiff competition and slow demand. Harley-Davidson has re-entered the market in partnership with Hero Moto Corp, and Chinese fast fashion brand Shein is making a return after joining hands with Reliance Retail, the report says. India’s large market, robust growth, and rapid economic reforms is prompting international investors to explore opportunities, says Chandrajit Banerjee, Director General of the Confederation of Indian Industry. Despite this development, global brands have also faced several challenges, with policy inconsistencies being one of them. While Banerjee believes India has taken measures to boost its investment ecosystem, others say there is still a lot to be done to improve the overall climate, the report adds. Source: https://lnkd.in/gbHHjFdh ✍: Divya Pathak 📷: Getty Images

Exciting news from the retail giant Walmart! 🛍️ . Over the past two decades, Walmart has sourced goods worth over $30 billion from India 🇮🇳 for its global operations. But that's not all! The company has set an ambitious goal to triple its sourcing of goods from India to $10 billion annually by 2027. 💰 . Walmart's commitment to India's economy continues beyond there. Through its Walmart Vriddhi initiative, the company empowers Micro, Small, and Medium Enterprises (MSMEs) and entrepreneurs with the necessary training to modernize and expand. So far, 50,000 people have benefited from this initiative. 🎓 . Walmart's CEO, Doug McMillon, and Walmart International President and CEO, Kathryn McLay, have expressed their belief in India's tremendous potential. McLay stated that Walmart is "committed to helping grow India's economy, which is on track to hit $4 trillion this year". 💪 . This is a testament to the strength and potential of Indian businesses globally. Let's continue to watch this space for more updates. 🚀 . #Walmart #IndianEconomy #Investment #BusinessGrowth #Waltons #Foreignexchange #Businessnews #business #finance #Export

What is The Age of “W” ? Why is India’s warehousing(W) stock set for a massive boom? Is it only because we are a fast growing economy, we are chasing USA and China in terms of GDP pecking order? The answer is No. There is much more!   Well, 3 major factors that I believe make a case for massive warehousing expansion are: 1. India’s logistics cost as a share of GDP stands @ 13 - 14%, China is @ 10% and the US and European countries are at 8%. More warehouses we build, the lower this cost becomes. 2. India’s freight movement stood at 3.0 Trillion Ton-Kms in 2020, versus 20.2 Trillion for China. A large % of freight movement still happens via the Railways which carry goods for many days at a very slow pace, thus delaying delivery and having risk of spoilage/wastage. More Warehouses would ensure not only lower dependence on Railways but also faster deliveries and lower spoilage. 3. India’s average e-retail penetration is just 11%, whereas for the US and China it is 35% and 47% respectively. As the middle-class shops more online, we would need more of Amazons and Flipkart’s to set up large delivery centers around tier-2 and tier-3 cities as well. #VoiceofRealEstate #AKG #RealEstateData #Warehousing #Warehouse #China #USA #India #Europe #GDP #amazon #flipkart #ecommerce #quickcommerce #retail #dataanalytics

Walmart's strategic move to deepen sourcing in India, aiming to triple annual exports to $10 billion by 2027, showcases a robust supply chain strategy. By expanding ties with Indian suppliers and focusing on key categories where India excels, such as food, health, apparel, and toys, Walmart is leveraging the country's expertise. Initiatives like Walmart Vriddhi, which has graduated 50,000 suppliers and provides training and mentoring, highlight a commitment to developing a strong local supply chain. This approach not only enhances Walmart's global sourcing capabilities but also fosters economic growth and sustainability within India's supply chain ecosystem. #SupplyChainExcellence #GlobalStrategicSourcing #StrategicPartnerships #SustainableSourcing #SupplyChainInnovation #EconomicGrowth