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Walmart China plans $1.1bn investment in logistics

Walmart China plans $1.1bn investment in logistics


Walmart China plans to invest 8bn yuan (US$1.16bn) in logistics and supply chains in the next 10 to 20 years, the company’s top executive said, China Daily reports.

Ryan McDaniel, senior vice-president of Walmart China Supply Chain, said the investment includes building or updating more than 10 distribution centres to improve its supply chain capacity.

The company will continue to add investment in the supply chain to boost its online-and-offline businesses to better meet demands from Chinese consumers on fresh goods and convenience services, he said.