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 ...
“They built an F-150 BEV plant in TN in 1 year so cut the crap.”
Do you think everyone just showed up on day one when the idea struck, and started building? A couple of years of effort preceded construction.
Construction is just a phase of the project. That plant is not yet producing, and won’t in 2024 either. Multi-year project.
You obviously have never managed a major construction project, so cut the crap.
You’re right. I’ve looked almost everywhere for basic comfortable houses dresses I can wear ... well ... around the house. Everything is junk. After a few washes they’ll pill and fade, no matter how much I pay.
I was feeling pretty good that I’d kept my sewing patterns since the ‘70s and thought I maybe could whip up some clothes that wouldn’t fall apart. Now it’s almost impossible to find fabric for garments; it’s mostly geared toward crafts. And, like everything else under Bidenomics, it’s outrageously expensive.
About frickin’ time.
IIRC-—recently, 52 different “EYE DROPS” were recalled due to contamination.
ALL FROM INDIA.
Eye drops made in India:
52 different versions recalled due to CONTAMINATION.
FOR 6-8 TIMES THE COST.
It's a good trend, but 60% is still way too high.
Total globalist BS. Why 6-8 why not 10-12 or 20-30? Go away global boy.
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