Walmart Shifts US Import Focus , From China to India .<br />NBC reports that Walmart has begun importing <br />more goods to the United States from India <br />as it reduces its reliance on China. .<br />According to data seen by Reuters, the world's <br />largest retailer is looking to cut costs, while also <br />diversifying the company's international supply chain.<br />Between January and August of 2023, <br />one quarter of Walmart's U.S. imports were <br />shipped from India, compared to just 2% in 2018.<br />According to bill of lading figures shared with Reuters by <br />data firm Import Yeti, 60% of the company's imports came from <br />China over the same period of time, down from 80% in 2018.<br />NBC reports that the shift illustrates how escalating tensions <br />between the U.S. and China have encouraged companies to <br />begin sourcing imports from India, Thailand and Vietnam.<br />We want the best prices. <br />That means I need resiliency <br />in our supply chains. , Andrea Albright, Walmart’s executive vice president of sourcing, via NBC.<br />I can’t be reliant on any one supplier <br />or geography for my product because <br />we’re constantly managing things <br />from hurricanes and earthquakes <br />to shortages in raw materials, Andrea Albright, Walmart’s executive vice president of sourcing, via NBC.<br />Andrea Albright, Walmart’s executive <br />vice president of sourcing, said that India has <br />become a key component of the company's <br />plan to build its manufacturing capacity.<br />The company currently imports about <br />$13 billion in goods from India annually. .<br />In 2020, Walmart committed to import <br />$10 billion of goods from India annually by 2027.<br />According to Albright, the company <br />is on track to hit that goal.
