Walmart to up China investment by US$1.2 billion

Walmart to up China investment by US$1.2 billion

Walmart is planning to invest a further US$1.2 billion in China over the next two decades to improve its supply chain logistics, according to a report published by WWD.

“Walmart continues to increase investment in supply chain logistics in order to enable our omnichannel development, continue to provide our Chinese customers with great fresh products and improve our service,” Ryan McDaniel, Vice President of International Logistics at the US retailer told WWD.

Walmart has been investing in both logistics and smart retail in China, with a new perishable distribution center launched for the South China region in March and its first high-tech supermarket unveiled last year.  

Leave a reply

Your email address will not be published. Required fields are marked *