Walmart to invest nearly $1.5 billion in Mexico and Central America to strengthen logistics supply chain

It is learned that according to foreign media reports, Walmex, the branch of Walmart in Mexico and Central America, recently stated that its operating expenses in 2023 will increase by 27% from 2022 to 27 billion pesos (US$1.49 billion).

Walmex said in a filing that nearly half of the investment will go into the renovation and maintenance of existing stores, nearly 30% will go into new stores and clubs, and about 12% will go into "expanding and modernizing the company's supply chain."

The investment plan is higher than the 21.3 billion Mexican pesos Walmex planned to spend through 2022. The company said last month that capital spending last year was lower than expected as some projects were delayed by supply chain disruptions.

Walmex also said it had received approval from Mexican authorities on Monday to acquire a Mexican electronic payments provider.

Separately, the company said during a meeting with investors and analysts that it will launch a new health membership product that leverages its nearly 1,500 pharmacies and 500 doctors’ offices in the region.

“For just 30 Mexican pesos, our customers can get unlimited telehealth services 24/7, nutrition services, ambulance rides in case of emergencies, discounts on specialists, a 5% discount at our pharmacies, and consultations at our doctors’ offices,” said Walmart spokeswoman Beatriz Nunez.

Beatriz Nunez added that last year, the company provided health solutions to more than 1 million patients. “In 2023, we want to develop health into a strong vertical, which is still in a very early stage, but we know how important it is for our customers,” she further said.

Editor ✎ Nicole/

Disclaimer: This article is copyrighted and may not be reproduced without permission.