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Focus: Walmart shifts to India, cuts China imports
Reuters ^ | 29th November 2023 | Richa Naidu and Siddharth Cavale

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 ...


TOPICS: Business/Economy; China; Foreign Affairs; Front Page News
KEYWORDS: asia; china; india; walmart
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1 posted on 11/29/2023 5:50:17 PM PST by Cronos
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To: Cronos

One is just as bad as the other. In fact, I think I trust the Red Chinese more.


2 posted on 11/29/2023 5:52:01 PM PST by FlingWingFlyer (It wasn't "genocide" when Hamas did it. Hypocrites!!!)
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To: Cronos

Neither are friends of the United States.


3 posted on 11/29/2023 5:53:01 PM PST by mrmeyer (You can't conquer a free man; the most you can do is kill him. Roberor thert Heinlein)
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To: Cronos
Good idea for many reasons.

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.

4 posted on 11/29/2023 5:56:35 PM PST by Mogger
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To: Cronos

I don’t shop at Walmart. The stores are zoos.


5 posted on 11/29/2023 5:57:23 PM PST by bimboeruption (Trump = The best President since Washington. )
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To: Cronos

Isn’t there already an India Mart?


6 posted on 11/29/2023 5:57:27 PM PST by sevlex
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To: sevlex

There’s one here in KC.


7 posted on 11/29/2023 6:01:48 PM PST by bobcat62
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To: Cronos

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.


8 posted on 11/29/2023 6:04:47 PM PST by livius
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To: Cronos

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.


9 posted on 11/29/2023 6:04:59 PM PST by quantim (Victory is not relative, it is absolute. )
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To: FlingWingFlyer
WalMart went from crappy "quality" to crappier "quality."

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.

10 posted on 11/29/2023 6:06:31 PM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Cronos

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.


11 posted on 11/29/2023 6:09:30 PM PST by EinNYC
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To: Cronos

“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.


12 posted on 11/29/2023 6:14:18 PM PST by Brian Griffin
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To: Cronos

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.


13 posted on 11/29/2023 6:22:49 PM PST by Reno89519 (It's war. No one murders and takes Americans hostage. Time to act. Declare war on Islamic Hamas.)
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To: Cronos

I’ll take India meds over Chinese meds any day.


14 posted on 11/29/2023 6:22:52 PM PST by ryderann
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To: Cronos

I’m old enough to remember Sam Walton saying “Made in America” is the only way Wal*Mart will go.


15 posted on 11/29/2023 6:28:37 PM PST by ThePatriotsFlag (Accepting a false premise initiates conversational defeat.)
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To: ryderann

“ 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.


16 posted on 11/29/2023 6:30:38 PM PST by House Atreides (I’m now ULTRA-MAGA. -PRO-MAo prou)
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To: Cronos

Apple is moving their manufacturing to Vietnam and India.


17 posted on 11/29/2023 6:42:58 PM PST by Tom Tetroxide
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To: Tom Tetroxide

DISASTER! Foxconn and Apple’s Exit Leads to the Collapse of China’s Third-Largest Private Enterprise
https://www.youtube.com/watch?v=4cSFOyMOCuM&ab_channel=ChinaObserver


18 posted on 11/29/2023 6:49:22 PM PST by Tom Tetroxide
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To: mrmeyer
Neither are friends of the United States.

Nations don't have friends, they have interests.

19 posted on 11/29/2023 6:56:32 PM PST by null and void (If you support monsters you will die in the cross fire.)
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To: Cronos

It’s about time. I try very hard not to buy Chinese products.


20 posted on 11/29/2023 7:01:52 PM PST by Ge0ffrey
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