Walmart to invest 22.2 billion pesos in Mexico to boost e-commerce business

It is learned that Walmart plans to invest 22.2 billion pesos in Mexico, giving priority to strengthening its logistics and technology fields and promoting the development of its e-commerce business.

According to reports, 40% of Walmart's investment in Mexico will be used for store renovation, 25% for building new units, 25% for logistics, and 10% for technology and e-commerce. This is the largest investment in Walmart's history.

Walmart will reportedly become the retail company investing the most in technology in Mexico, with plans to increase its investment by at least 10% by 2026.

“Wal-Mart has raised the bar on service,” said Claudia de la Vega, Wal-Mart’s director of corporate affairs for Mexico and Central America. “They’ve made their stores into distribution centers, controlling the entire operation.”

It is learned that Walmart takes advantage of its more than 2,500 offline stores and lets each store act as a distribution center to supply online orders, making its e-commerce business operations more efficient.

Editor ✎ Nicole/

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