“We continue to look for new category expansions and opportunities beyond the apparel and home that we have traditionally sourced from India. Our sourcing strategy is about providing the right products at the right price and is sourced in a reliable way,” says Andrea.albrightWalmart’s executive officer in charge of procurement told TOI.
The US-based retailer has a goal of sourcing $10 billion worth of goods annually from India by 2027, and is already working with Indian suppliers to source toys, shoes and bicycles. There is.
As for bicycles, the company has just announced its first export order with the Punjab-based company. hero eco groupsaid Albright. “We are working together micro plastic About exporting toys. We also consider all categories of shoes, from flip-flops to sports shoes. We are in the process of ordering shoes from India,” she added. She claims that Walmart has been sourcing products from India for more than 20 years, with Indian-made apparel, jewelry and home goods, among others, reaching customers in 14 markets. Includes the United States, Canada, Mexico, and the United Kingdom.
Albright said the pandemic has highlighted the fact that no supply chain is strong enough, prompting the company to rethink its strategy and focus on building a more resilient and reliable supply chain. .
“Trust is a key element and building block of our brand and our resilience to ensure our products are on our shelves and on our sites, no matter how our customers choose to shop.We are a global company. “We are a global company. Certain regions are better at making certain items than others. “As we think about the intersection of trust, value and resiliency, that will continue to be a part of our (sourcing) strategy,” Albright said.
Asked if the company was considering sourcing outside of China, he said customer interests were paramount. As part of its India push, Walmart will hold its first growth summit in India in February, where it will have opportunities to partner with Indian suppliers and export.