Indias e-commerce leader, Flipkart announced the expansion of its supply chain in Gujarat. Flipkart added four new supply chain facilities to support local sellers from the state and to cater to the growing demand for e-commerce in the country.
- The expansion of the supply chain in Gujarat is a testament to Flipkarts commitment to serving customers from the state and nearby region in a fast and seamless manner and contributing to its economic growth by enabling market access to MSMEs & other local sellers.
- The new facilities are located in Ahmedabad and Surat, and are collectively spread across an area of nearly 5 lakh square feet, helping create more than 5,000 direct and indirect local jobs in the state.
June 2021: For efficient and speedy delivery, Walmart invests in on-demand drone delivery provider DroneUp. After safely completing hundreds of drone deliveries of COVID-19 self-collection kits from Walmart stores, Walmart invest in DroneUp to developing a scalable last-mile delivery solution.
May 2021: To enhance shopping experience Walmarts plan to acquire Zeekit. Israel base Zeekit combines fashion and technology through its dynamic virtual fitting room platform. Zeekits impressive technology has been trialed by many top brands and retailers in the fashion industry.
May 2021: To boost telehealth business, Walmart Health agreed to acquire MeMD. The deal will allow Walmart Health to provide access to virtual care across the nation including Urgent, Behavioral, and Primary care, complementing our in-person Walmart Health centers.
March 2021: To enhance the customer experience and business in Canada, Walmart is investing around $500 million. The Walmart Canada focus on refurbishing and refreshing stores in communities across the country.
March 2021: In order to accelerate manufacturing and make supply chain more efficient, Walmart strengthens its commitment with an additional $350 billion investment through 2030 and plans to double headcount in Anderson over the next two years.
The prominent deals and expansions by Walmart are featured below:
Nov 2020: The leading equity investment company KKR & Co. Inc. and e commerce firm Rakuten, Inc., announced to purchase a majority stake in Seiyu GK, from global retail company Walmart Inc for approximately $1.6 billion. The deal helps in digital transformation of Japanese Retail.
July 2020: WellBe provider HandsFree Health announced that it signed an agreement with e-commerce leader Walmart. As per agreement HandsFree Healths WellBe smart speaker is being shipped nationwide through Walmart’s e-commerce site.
July 2020: Indias leading e-commerce group the Flipkart has announced the launch of Flipkart Wholesale. The new digital marketplace Flipkart Wholesale will transform Indias retail ecosystem. Flipkart also announced that it acquires 100% interest in Wal-Mart India Private Limited, which operates the Best Price wholesale business.
May 2020: The retail giant Walmart announced its partnership with thredUP, to enters fashion resale market. The deal helps in expanding assortment of quality, on-trend and accessible fashions for modern customers.
January 2020: Walmart announced the opening of a case-ready facility facility in Thomasville, GA, the USA. The new facility is part of the companys new Angus beef supply chain.
September 2019, the Walmart Distribution Center in Sanger, TX, became home to the first-of-its-kind Walmart Supply Chain Academy, created specifically to train the retailers supply chain associates and provide them with a clear path to advancement.
Flipkart is a leading destination for online shopping in India and subsidiary of Walmart. Flipkart includes group companies like Flipkart, Myntra, Flipkart Wholesale, and Cleartrip. The Group is also a majority shareholder in PhonePe, one of the leading Payments Apps in India. The company offers over 150 million products across more than 80 categories.
Walmart, based in Arkansas, the USA, has grown over the last 50 years into the largest retailer in the world. Walmart operates chain of hypermarkets, departmental stores and grocery stores around the globe. Walmart operates over 11,500 stores under 58 banners in 27 countries and e-Commerce websites in 10 countries. The company employs approximately 2.2 million associates around the world.