Walmart Sourced USD$ 684 Million from Chinese WOBs in FY16
【Guangzhou, October 17, 2016】Today, Walmart Global Sourcing teamed up with Walmart China to hold a Walmart Women Owned Business Capacity Building Workshop with a theme of Assisting The Development of Women Owned Businesses and Promoting Cross-boundary Sourcing in the lecture hall of the 120th China Import & Export Fair (Canton Fair). At the session, Walmart trainers explained the Walmart vision to help women owned business to look for market cooperation opportunities and Walmart’s sourcing business processes and requirements for domestic and overseas suppliers. Almost 30 business owners were attracted to the workshop and joined in the discussions.
Walmart Women Owned Business Capacity Building Workshop on Assisting The Development of Women Owned Businesses and Promoting Cross-boundary Sourcing
In September 2011, Walmart launched its Global Women's Economic Empowerment Initiative, an effort that leverages the company’s global size and scale to improve women’s lives across the world and help people live better. In China, Walmart has sourced from 41 women owned businesses in apparel, footwear, home, hardline, consumables, and entertainment categories. In FY16 (February 2015-January 2016), Walmart sourced USD$ 684 million from WOBs, more than double that amount 3 years ago at the start of the program.
In his address to the workshop, Guy Robertson, Vice-President of Walmart Global Sourcing, remarked, “For Walmart, empowering women isn’t just the right thing to do, it’s also smart business — helping us to understand and serve our customers better, find the best talent, and promote economic growth in the communities we serve.”
Vice-President of Walmart Global Sourcing Guy Robertson addresses the workshop
What is worth noting is that after Walmart Global Sourcing kicked off Women-owned Businesses, a sub-program under the Global Women's Economic Empowerment Initiative, 3 years ago, Walmart China also brought in this sub-program in August this year. Women-owned Businesses is dedicated to providing support for women owned business to grow and look for partners and to helping them to find business opportunities to enter large-sized international retailers. The introduction of this program into China means that women owned businesses can leverage on Walmart’s global business size to both get an opportunity to enter its international supply chain and reach out to Walmart’s market in China. As the Chinese market plays a more and more important role in the global economy, this will spread the influence of the program and help more women owned businesses to develop fast.
About Walmart China
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,539 stores under 63 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2016 revenue of $482 billion, Walmart employs more than 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.
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