Walmart invites Indian sellers to join online marketplace |
Walmart, one of the largest discount department store chains of the USA, has invited select Indian sellers to join its Marketplace that serves over 120 million shoppers monthly in the US. The company, which owns Flipkart in India, in a statement, said India is already one of its top sourcing markets. Walmart has now targeted an ambitious goal of exporting $10 billion from India each year by 2027. Flipkart had 3 hundred and 75 thousand sellers on its marketplace till September 2021, and was expecting over 42 hundred thousand sellers by December. Walmart said inviting Indian sellers is part of its global drive to attract international sellers and expand the Walmart Marketplace`s product assortment. Selected sellers will benefit from Walmart Fulfilment Services, which allows them to use Walmart`s warehousing and delivery infrastructure in the U.S along with platform-tools to streamline their operations and manage promotions and feedback. Walmart added that it shares U.S. customer insights and global supply chain best practices and business planning strategies with its Marketplace sellers to help them succeed in the U.S. The company said it has set up a dedicated Cross Border Trade team in India to help sellers onboard and grow on the platform. The team supports local sellers to meet applicable international regulations and Walmart Responsible Sourcing standards, develop new product lines and enhance their capabilities in packaging, marketing, supply chain management and more to upgrade their operations for export success. Delphi Leather India, Mahi Exports, Touchstone Gems & Jewellery and Welspun are among Indian sellers on the Walmart Marketplace currently. Walmart already runs its Vriddhi supplier development programme in India for Indian MSMEs to help them train for selling overseas and participate in the global supply chain. Launched in 2019, the programme aims to directly train 50,000 Indian MSMEs with the business skills to succeed as suppliers to Walmart, Flipkart, and other global marketplace platforms.
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