Wal-Mart China Highly Recognized by Suppliers

Sep 5, 2006

Sep 5th, 2006 – In 2006 Supplier Satisfaction Survey Report published by Shanghai Business Information and FMCG Research Center, Wal-Mart was highly recognized by suppliers as a “satisfactory retailer”.. This is a further vote of confidence by the suppliers after Wal-Mart has repeatedly been ranked No.1 by China Chain Store & Franchise Association for three year in a row.

Ninety-eight suppliers typically from over a dozen industries responded to the survey covering 51 retailers in the Yangtze River Delta. Wal-Mart scored the highest in a number of supplier satisfaction indexes such as “overall satisfaction index”(3.78 points) and “credit index” (4.19 points).

Wal-Mart firmly believes in local procurement. We recognize that quality products can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally. To date, we have established partnership with nearly 20,000 suppliers in China. We always treat our suppliers as partners and we grow together.

According to Mimi Lam, Vice President Merchandising, Wal-Mart (China) Investment Co. Ltd. “The result is recognition of the partnership between Wal-Mart and our suppliers. This partnership is built upon mutual trust and respect and is beneficial for the healthy development of the retail industry. We’d like to take this opportunity to express our heartfelt thanks to the continued support from our suppliers and look forward to bringing this partnership to a new height in the future. ”

Lam continues to say that Wal-Mart attaches great importance to partnership with suppliers. We share advanced retail technology, sales feedback, market trend with suppliers so that they can improve the production. We are also improving the packaging to lower the cost and contribute to our environment. Thought all these efforts, we’ve achieved mutual benefits.