international finance walmart project part 2

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Humber College *

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Economics

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Nov 24, 2024

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Uploaded by tastyyum9

International Operation and Trade Walmart, a worldwide retail giant with a significant impact in the retail industry, is well-known for its broad scope and unmatched scale. Walmart International runs around 5,100 retail stores and over 550,000 associates in Africa, Canada, Central America, Chile, Mexico, India, and China (Walmart, 2023). Walmart's supply chain expertise includes a very successful global network of distributors and suppliers, which is ultimately one of its primary reasons for its success. Walmart sources products from all around the world, utilizing a wide range of suppliers to offer customers a wide variety at affordable costs. Walmart manages the intricacies of many markets by forming strategic alliances and joint ventures with regional companies and making adjustments to suit certain cultural and economic circumstances. In terms of its imports, historically Walmart had quite a bit of reliance on China. In 2018, about 80% of its overall imports were solely from China. This has since been brought down to 60%, due to Walmarts strategic decision to source some imports from India. This was able to reduce Chinese imports with much significance due to the fact that in India, their costs would be lower since $1 USD is equivalent to about 83.30 Indian Rupees while Chinese Yuan would be about 7.15. Meaning most costs, including labor, supplies and materials would be drastically reduced for Walmart (Cavale & Naidu, 2023) . China is Walmart's top importer however, in August 2018 Walmart chose to spend around $16 billion in Flipkart, which is an Indian e-commerce business. At this time, assets were worth about $24.1 billion, liabilities around $3.7 billion, and noncontrolling interest was worth $4.3 billion. The agreement is expected to offer Walmart with $10 billion in imports by 2027, and it is presently on track to do so as it imports roughly $3 billion each year. Walmart continues to

hold majority share in Flipkart after buying out Tiger Global and Accel for another 3% in August, costing them $1.4 billion (Reuters, 2023) . Walmart not only boosts local economies and creates jobs, but it also makes a huge contribution to the global economy by staying competitive in an ever-changing retail market due to its persistent commitment to technology and e-commerce. Walmart has a significant impact on global retail dynamics and international trade due to the scope and scale of its operations.

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