WALMART
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WALMART
REVENUE : US $ 611BN EMPLOYEES : 2,100,000 CEO : DOUG MCMILLON FOUNDED : 1962
Walmart continues to focus on infrastructure and e-commerce investments as it responds to the strong likelihood that an increasing number of its shoppers will migrate online .
To this end , in 2022 the retail behemoth invested several billions of dollars in supply chain , omnichannel and technology .
It ’ s a hugely ambitious strategy , with Walmart freely admitting that the vast majority of its overall profits are still down to in-store bricks-andmortar trade . However , being ahead of the curve is what helps such large corporations eclipse the competition . Walmart predicts that , in five years ’ time , its income stream will be much less dependent on physical locations , with revenue growing from e-commerce , including marketplaces that offer third-party merchandise .
Doug McMillon CEO , Walmart
44 May 2024