Walmart focuses on India and Mexico to ramp up global growth

As it tries to ramp up growth, Walmart is mainly focusing on Mexico and India, reports Quartz. In Mexico, the company is building infrastructure to fuel both its e-commerce and brick-and-mortar sales. Last year, it opened 134 new stores. This year, it launched online sales for Bodega Aurrerá, a discount chain serving Mexico’s lower-income population and the largest of its four grocery brands in the country.

In India, Walmart has grabbed a share of the country’s e-commerce sales through Flipkart, the online retailer it acquired a controlling share of in 2018. In July, Flipkart introduced a wholesale marketplace to let small businesses buy directly from manufacturers. Last week Walmart and Flipkart announced a new plan to trip annual exports of Indian goods to other markets by 2027.

Walmart’s other priority markets, China and Canada, are receiving substantial investment as well. Last year Walmart announced a $1,2 billion investment in China and also revealed a plan to open 500 new stores in the country. It also announced plans to invest about $2.6 billion to upgrade its stores and increase its distribution capacity.