Posted on 11/29/2023 5:50:17 PM PST by Cronos
Walmart (WMT.N) is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows.
The world's largest retailer shipped one quarter of its U.S. imports from India between January and August this year, according to bill of lading figures shared with Reuters by data firm Import Yeti. That compared with just 2% in 2018.
The data shows that only 60% of its shipments came from China during the same period, down from 80% in 2018. To be sure, China is still Walmart's biggest country for importing goods.
The shift illustrates how the rising cost of importing from China and escalating political tensions between Washington and Beijing are encouraging large U.S. companies to import more from countries including India, Thailand and Vietnam.
"We want the best prices," Andrea Albright, Walmart's executive vice president of sourcing said in an interview. "That means I need resiliency in our supply chains. I can't be reliant on any one supplier or geography for my product because we're constantly managing things from hurricanes and earthquakes to shortages in raw materials."
(Excerpt) Read more at reuters.com ...
You trust the communust Chinese more tgan India? Who are you? You’re a troll, aren’t you? Is Soros paying you?
I’ve bought some goods produced in Vietnam and the quality was good.
One item was some Palladium boots that are what the French Foreign Legion wore in the 40’s and 50’s. There’s some irony there.
Here is a good idea: MAKE IT HERE.
Make it here instead.
So the US worker went from being butt f’d to giving head. Great.
“WalMart went from crappy ‘quality’ to crappier ‘quality.’”
Just today waiting in the Walmart checkout line the clothing area was next to us. I mentioned to DH that it was like walking through a thrift shop. Except thrift shop items usually look better.
Agreed. Walmart at the beginning prided itself in selling American made.
Huh?
Agree
Regarding the flooding, blizzards or steam from volcanoes.
Search on youtube and you will find plenty of videos on all of it.
Maybe it will cost more in the short term, but the long term benefits of American workers paying into American infrastructure and military, less government dependence, and future opportunities for our children would work out a lot better than what we have now.
Even if it means we would have to do without buying the latest and greatest TV set every year.
Divesting from both nations is in the best interest of the United States.
Yeah to all that booschidt you said. Idiot.
“Make it here instead.”
You will probably be glad to know that investment in US manufacturing capacity has surged in recent years, in response to supply chain disruptions during COVID, business problems with China (no longer low cost, high theft, and unfair Gov’t), President Trump’s renegotiation of NAFTA, and a ton of infrastructure money in the deceptively named Inflation Reduction Act.
Such investment is typically a multi-year project before they go into production, but the tide has definitively turned, and it is a flood - double the investment that occurred during the WWII expansion.
Mexico is another big winner in the flight of global manufacturing out of China. They also have very bright prospects over the next 5-10 years, in addition to, rather than instead of, US manufacturing. China is the big bill payer for market share.
Walmart is a major bellwether of the flight of global manufacturing out of China.
Walmart was among the earliest and largest companies to set up manufacturing facilities in China, for their global retailing business. Walmart stores sell all over the world, not just in the United States. If Walmart were it’s own country, it would have been China’s tenth biggest trading partner, at its height.
If Walmart leaves China, somebody shut off the lights behind them. Party’s over.
Funny, it seems it took less than a year to bring EV cars factories on line. For a product NO ONE WANTS....
Existing plants and production lines can be repurposed more quickly, but building large new plants on green fields takes longer, to plan and build out water, sewer, power, roads and rail; as well as the actual plant and equipment.
Some manufacturing equipment itself has a multi-year lead time time to procure. In some areas, plans include establishing skills training programs with local Governments (like Community Colleges) years before start up, to prepare an adequate workforce.
We are talking about significantly expanding the total US manufacturing capacity, with all new, as well as expanded, facilities and workforce.
In particular, Texas has been a winner in attracting new plants.
They built an F-150 BEV plant in TN in 1 year so cut the crap.
Agreed. On the way to that, a less noxious supply chain is a good step.
But, even the things being sold in the higher priced, big name box store department stores look shoddy in style and materials. Their supplier locations and chains are pretty much the same. Quality and classy styling and workmanship are hard to find, except for the very most expensive department or speciality stores and even they have a large percentage of what looks like junk, albeit expensive junk. p.s. Walmart’s jeans, for instance, are standard jeans and they offer lots of sizes and cuts Why spend more?
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