Doug McMillon, president and CEO of Walmart Inc, said that the giant of retail sales based in the United States would like to have a field of equal and a consistency in politics wherever a presence, adding that the current tariff turbulence is something that can navigate better than any other company.
“We operate in many countries and this is what we ask for everywhere (a field of equal), and is consistent,” said McMillon, when he was asked about India.
“We engage with many different governments and, in those conversations, we share with them what we think should be changed to allow us to better serve customers. But we do not fix the rules and we will comply with the rules, whatever they are.”
We like to buy locally, create jobs
The Donald Trump administration intends to press India to provide online retailers such as Amazon and Walmart the complete access to its and -commerce market of 125 billion dollars, according to what reported by the Financial Times in April.Both countries are in negotiations on a bilateral commercial agreement (BTA) who are trying to finalize within the next month.
McMillon, 58, said Walmart is not involved in commercial interviews as those held among governments.
India does not allow ecommerce companies such as Amazon and Flipkart owned by Walmart to hold actions or sell directly to consumers. Local -owned companies such as Riliance Retail units and the Tata group do not face these curbs.
“The more clear and transparent things, the better it is from a commercial point of view,” said McMillon. “Companies such as consistency and predictability, both in this country and all over the world.”
When asked how soon he would like to have a model that allows Flipkart to keep inventory in India, McMillon said that the company wants to be able to serve customers in the best possible way.
“We bring inventory to our activities all over the world. It is a challenge to do it well: we like to do it,” he said.
“It is an area where we have experience. And if the rules allow it, we will be happy with it, but we will leave the choice of what the rules are for someone else.”
Walmart will be able to manage the tariff situation, thanks to his supplies, he added.
“In 2018 there was a group of rates that were implemented in 2018: we had to deal with those,” said McMillon, referring to the withdrawals imposed by the previous Trump administration.
“Walmart can manage this situation better than anyone else. We have many creative and expert traders who can make different choices. Over the years, we have worked where the goods come from.
We like to buy locally. We like the advantages of creating jobs for customers by purchasing locally. We like the benefits of a shorter delivery time. It is easier with food and consumables than with general goods. ”
Keeping a lid on the cost of living is a priority.
“We want to see low prices,” McMillon said.
“The purpose of our company is to help people save money and live better: background prices are in our DNA. We want to do everything possible, whether it is our actions or actions of others to try to create the best possible value for customers.
We are annoyed by that (tariff situation), I am only saying that we will manage it as anyone else, and we will make sure we have a price gap compared to our competitors so that customers find value with us in every country in which we operate. ”
Walmart will announce the next goal for India once the supply objective is achieved every year for a value of $ 10 billion from the country by 2027.
“It’s encouraging what’s going on here,” McMillon said.
“We are seeing expanding the amplitude of the categories. When we initially set this goal, we involved a smaller number of categories, but it is expanded.”
The company will continue to obtain from India and China.
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