Walmart’s Strategy in India: E-commerce Focus and Fair Competition

Walmart CEO Doug McMillon on India’s E-commerce Scene

Walmart’s CEO, Doug McMillon, shares the company’s plan for India. He talks about fair competition and the focus on online sales.

Main Points from the Interview

• Walmart wants fair competition in India.
• The company is not opening physical stores in India.
• Walmart aims to keep prices low and buys products from India.
• Flipkart, owned by Walmart, is growing fast in quick delivery services.

Walmart’s View on Tariffs and Sourcing

Doug McMillon stresses Walmart’s goal to keep prices low. He talks about buying from India and balancing different pressures.

“We work hard to keep our prices as low as possible. Buying from India is key for us. We think long-term. We balance various pressures.”

Sourcing and Supply Chain Strength

McMillon and Kathryn McLay, Walmart International’s CEO, discuss the pluses of local sourcing. They highlight the need for a strong supply chain.

“Buying close to where you sell has many benefits. It creates jobs and cuts delivery time. Over two-thirds of what we sell in the US is made, grown, or put together in the US.”

“We learned during Covid that relying too much on one trade route can cause problems. Buying from India is a great choice for us and for India.”

Flipkart’s Growth and Quick Delivery

McLay points out Flipkart’s fast growth and focus on quick delivery. She mentions the company’s strong plans and speed in delivering products.

“When Flipkart decided to move to quick delivery, they acted fast. They have strong plans for growth and continue to impress us with their speed.”

Policy and Compliance

McMillon talks about Walmart’s approach to following rules and talking with governments. He stresses the need for fair competition.

“We follow the rules. We talk to governments about how to serve customers better and what rules can help the economy.”

Future Plans and E-commerce Growth

McMillon shares Walmart’s excitement about its investment in Flipkart. He sees a bright future for e-commerce in India.

“E-commerce has been growing worldwide and will keep growing. In India, e-commerce has a very bright future. Flipkart has a bright future, and I’m glad we made the investment when we did.”

Conclusion

Walmart’s plan for India focuses on e-commerce growth, following local rules, and a strong supply chain. The company is committed to low prices and buying products from India.