Skip to comments.Focus: Walmart shifts to India, cuts China imports
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 ...
One is just as bad as the other. In fact, I think I trust the Red Chinese more.
Neither are friends of the United States.
Have you noticed the flooding and blizzards in northern China lately?
Has to be screwing up production and transportation.
All of that water that has been turned into steam and sent into the atmosphere by volcanoes has been coming down, evaporating more if over land and coming down over and over.
I don’t shop at Walmart. The stores are zoos.
Isn’t there already an India Mart?
There’s one here in KC.
Good. India has a lot of problems but is probably the most successful western-style country in the region. Of course, it constantly has to defend itself from its own and neighboring Muslim populations…
But it’s a lot better than China on any level.
Ask yourself the question: If your ‘generic’ medication that you rely on was manufactured in India or China, which country would you pick? Not so sure I’d pick a chicom drug.
India is not our friend. They're BRICS and WalMart is dumb enough to be a conduit for India to take our money and use it against us in even more ways than China did? So glad I don't shop WalMart.
I only buy national brands when I occasionally buy at Walmart, and that mostly via online purchases if they have the best price. Don’t like going to the stores, as there are many “marginal” people there.
“The world’s largest retailer shipped one quarter of its U.S. imports from India between January and August this year”
I have noticed an increase, but not to 25%.
Of course, in current Walmart style, it may not have been placed on the shelves.
How about they try to find American manufacturers? We don’t need products from another enemy, paying for them to oppose us, invade us, destroy us.
I’ll take India meds over Chinese meds any day.
I’m old enough to remember Sam Walton saying “Made in America” is the only way Wal*Mart will go.
“ I’ll take India meds over Chinese meds any day.”
India has been known to occasionally produce and export generics with contaminants. I miss the days when Puerto Rico was a major pharmaceutical location. Somebody screwed that up.
Apple is moving their manufacturing to Vietnam and India.
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Nations don't have friends, they have interests.
It’s about time. I try very hard not to buy Chinese products.
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